PNC Infratech Limited
UTI Mutual Fund increased its stake in PNC Infratech from 3.77% to 3.87%, adding 272,366 shares. The value of the additional shares was approximately ₹6.73 Cr at a share price of ₹247.46.
A leading infrastructure development and construction company in India, PNC Infratech undertakes major projects spanning highways, bridges, flyovers, power transmission lines and towers, airport runways, and industrial area development. The company delivers comprehensive end-to-end infrastructure solutions across diverse sectors, establishing itself as a front-runner in the country's infrastructure development and construction landscape with a focus on quality execution and timely project delivery.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.