Finavenue Growth Fund reduced its stake in Ecoline Exim from 2.05% to 1.64%, selling 84,000 shares.
A manufacturer of sustainable packaging solutions, Ecoline Exim produces cotton and jute bags primarily for export markets across the globe. Incorporated in 2008, the company specializes in eco-friendly packaging and promotional bags designed for industrial and commercial applications. It distinguishes itself through a focus on sustainable materials, vertical integration in production, and established export-oriented capabilities serving international customers.
Managed by A9 Finsight, with around Rs 360 cr AUM and a top-of-category track record (+233 percent absolute return since July 2023, +132 percent in CY2024 vs CNX Smallcap +24 percent). Allocates ~45 percent to SME listings, ~35 percent to mainboard companies and ~20 percent to pre-IPO. Run by Abhishek Jaiswal, among India's youngest fund managers.
