Franklin Templeton Mutual Fund decreased its stake in Syrma SGS Technology from 4.46% to 3.76% by selling 1,363,693 shares for ₹195.14 crore.
A Chennai-based electronics manufacturing services company providing engineering, design, and manufacturing solutions to industrial clients across multiple sectors. Syrma SGS Tech specializes in delivering customized electronics products and integrated services, combining technical expertise with advanced manufacturing capabilities. The company serves both domestic and international markets, offering end-to-end solutions from concept development through production and support.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
