PGIM India Alternatives increased its stake in Maan Aluminium Limited from 1.47% to 1.59%, buying 75,000 shares. The stake is now worth ₹12 Cr.
A manufacturer and trader of aluminium products, Maan Aluminium specializes in producing aluminium profiles, ingots, and billets for industrial applications. The company operates dedicated anodizing and fabrication facilities to process and finish aluminium materials to customer specifications. Established in 2003, it serves customers across construction, automotive, engineering, and infrastructure sectors throughout India.
PGIM India Alternatives is the alternative investments arm of PGIM India, running Category III AIFs. Led by Chief Investment Officer for Alternatives Aniruddha Naha, it follows a Growth at Reasonable Price, process-driven approach built around high-conviction themes across discretionary consumption, manufacturing and capital expenditure, financialisation and digitisation. Its Equity Growth Opportunities Fund is a close-ended strategy focused on quality small and mid-cap businesses.
