Mahanagar Gas Limited
HDFC Mutual Fund increased its stake in Mahanagar Gas Limited from 1.73% to 1.74%, buying 1,899 shares, increasing its total to 1,715,001 shares. The shares were valued at approximately ₹20.89 lakh based on the closing price of ₹1100.40.
A city gas distribution company, Mahanagar Gas Limited supplies natural gas to residential, commercial, and industrial consumers across Mumbai and adjoining areas, including Raigad District in Maharashtra. The company operates an extensive pipeline network delivering piped cooking gas and compressed natural gas for vehicles. Operating as a franchisee under India's city gas distribution framework, it serves as a key energy infrastructure provider in western India.
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.