Ajax Engineering Limited
Ashoka WhiteOak trimmed its stake in Ajax Engineering Limited from 1.26% to 1.07%, selling 2,12,999 shares.
A manufacturer of concrete equipment and machinery, Ajax Engineering designs and produces a comprehensive range of products for the construction sector. Founded in 1992, the company operates across the entire value chain of concrete equipment, serving builders and construction firms throughout India. Its portfolio includes concrete mixers, pumps, and related machinery for concrete handling, placement, and processing. The company provides both equipment and associated services to support construction operations.
India equity vehicle of WhiteOak Capital, the Singapore-headquartered manager founded in 2017 by Prashant Khemka, former CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets businesses. WhiteOak group manages USD 10.8 bn (~Rs 96,000 cr) across SMAs and funds. Ashoka India Opportunities Fund ranks as the best-performing India UCITS fund since 2018 inception.