JK Lakshmi Cement Limited
Franklin Templeton Mutual Fund has departed from the latest shareholder list for JK Lakshmi Cement Limited. Having previously held 1.61 percent, Franklin Templeton Mutual Fund has either fully exited or pared its position below the 1 percent reporting threshold.
A manufacturer and supplier of cement and building materials across India, JK Lakshmi Cement operates as part of the JK Group conglomerate. The company produces Portland cement, ready-mix concrete, and autoclaved aerated concrete blocks for the construction and infrastructure sectors. Its integrated operations span multiple states, serving builders, contractors, and infrastructure developers through an established distribution network and manufacturing facilities.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.