Invesco Mutual Fund increased its stake in Paradeep Phosphates Limited from 1.85% to 2.46% by acquiring 63.2 lakh shares. The transaction was executed through a rights issue.
India's second largest private sector phosphatic fertilizer manufacturer, Paradeep Phosphates produces and distributes a comprehensive range of non-urea fertilizers including DAP, multiple NPK grades, Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid. Incorporated in 1981, the company operates across manufacturing, trading, and distribution channels serving agricultural and industrial sectors. It distinguishes itself through vertically integrated operations and a diversified product portfolio addressing varied customer needs.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.
