Kotak Mutual Fund increased its stake in The India Cements Limited from 4.05% to 4.12%, adding 2,00,000 shares worth ₹8.21 Cr at ₹410.30 apiece.
A leading cement manufacturer headquartered in Chennai, India Cements produces cement as its core business while maintaining operations in complementary sectors including shipping, captive power generation, and coal mining. These vertical operations provide purposeful synergy to support the primary cement manufacturing activities. Established in 1946, the company also serves as a sponsor of the IPL cricket franchise Chennai Super Kings.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.
