Supreme Industries Limited
Axis Mutual Fund decreased its stake in Supreme Industries Limited from 1.37% to 1.05%, selling 4,11,043 shares. The transaction occurred in the context of a rights issue.
India's leading plastics manufacturer, Supreme Industries produces a comprehensive range of plastic products across multiple sectors and applications. The company operates in piping systems, cross-laminated films, protective packaging, industrial moulded components, moulded furniture, storage and material handling products, performance packaging films, and composite LPG cylinders. Its diversified product portfolio serves both industrial and consumer markets throughout the country.
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.