HDFC Mutual Fund entered CIE Automotive India Limited by purchasing 3,69,92,442 shares, representing a 9.75% stake in the company. The position is valued at ₹1,735 crore, with a share price of ₹473.70.
A manufacturer of automotive components serving original equipment manufacturers and customers across India and overseas markets. The company produces a comprehensive range of automotive parts including chassis, transmission, and engine components for leading vehicle manufacturers globally. Operating as a subsidiary of CIE Automotive S.A, a Spain-based automotive components group, it specializes in delivering quality components to both domestic and international automotive customers.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.