Brigade Enterprises Limited
Franklin Templeton Mutual Fund reduced its stake in Brigade Enterprises from 1.78% to 1.52%, selling 8,39,520 shares.
A South India-based real estate developer established in 1986, operating primarily from Bengaluru with expanding presence across major Indian cities. The company develops residential, commercial, office, retail, and hospitality projects across multiple locations including Bengaluru, Mysuru, Chennai, Ahmedabad, Hyderabad, and Kochi. It has completed over 250 buildings, delivering developed space across diverse property segments and establishing itself as a significant player in India's real estate sector.
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.