Axis Mutual Fund decreased its stake in Blue Star Limited from 3.56% to 2.86%, selling 1,431,245 shares worth ₹247.78 crore at ₹1729.20 per share.
A manufacturer of air purifiers, air coolers, water purifiers, and cold storage equipment serving Indian households and commercial enterprises. Blue Star provides comprehensive turnkey MEP solutions encompassing mechanical, electrical, plumbing, and fire-fighting systems for large-scale commercial projects across various sectors. The company operates India's largest after-sales service network dedicated to air conditioning and commercial refrigeration products, ensuring widespread customer support and maintenance capabilities.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.