HDFC Mutual Fund increased its stake in Pearl Global Industries Limited from 8.27% to 8.32%, buying 27,086 shares. The increased stake followed the company's QIP issue in July 2024, in which HDFC Mutual Fund was a notable investor, acquiring 4.47 lakh shares at ₹731 per share.
A garment exporter manufacturing knits, woven fabrics, and bottoms across men's, women's, and children's wear segments. Pearl Global sources production from multiple regions across India and South Asia, serving international markets with diverse apparel offerings. Established in 1987, the company has built significant expertise in large-scale garment manufacturing, quality control, and managing complex export supply chains across different sourcing locations.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
