Lumax Auto Technologies Limited
DSP Mutual Fund decreased its stake in Lumax Auto Technologies from 9.09% to 7.83%, selling 863,287 shares worth ₹122.55 Cr at ₹1419.60 apiece.
A manufacturer of automotive components serving India's two, three, and four-wheeler segments, Lumax Auto Tech produces lamps, plastic moulded parts, and frame chassis for original equipment manufacturers. Established in 1981 as part of the D.K. Jain Group, the company operates through partnerships with global players including Yokowo from Japan and JOPP from Germany, enhancing its manufacturing capabilities and market reach across the automotive industry.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.