Fidelity reduced its stake in Dollar Industries Limited from 4.51% to 1.22%, selling 1,871,322 shares. This transaction occurred in the context of a rights issue.
A leading manufacturer of hosiery products, Dollar Industries produces knitted inner wears, casual wears, and thermal wears for consumers across India. The company operates vertically integrated manufacturing facilities and distributes its products through retail and wholesale channels nationwide. Dollar Industries distinguishes itself through its commitment to quality production, established brand presence, and diverse product portfolio in the garments and apparels sector.
Boston-based global active asset manager with India exposure through emerging market and India-focused funds.
