American Funds (Capital Group) established a new position in Premier Energies Limited, acquiring 49,97,979 shares worth ₹543.19 Cr, representing a 1.10% stake in the company.
A manufacturer of solar photovoltaic products, Premier Energies specializes in producing integrated solar cells and modules, including monofacial and bifacial solar panels. The company provides comprehensive solutions across the solar energy value chain, offering engineering, procurement, and construction services alongside operations and maintenance support for solar installations.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.