Franklin Templeton Mutual Fund decreased its stake in Chemplast Sanmar Limited from 2.67% to 2.36%, selling 4,87,914 shares. The fund now holds 37,26,764 shares.
A major manufacturer of specialty chemicals including PVC resin and custom chemicals for the agrochemical, pharmaceutical, and fine chemical sectors. The company produces caustic soda, chlorochemicals, hydrogen peroxide, refrigerant gases, and industrial salt through integrated manufacturing operations. Its facilities are located across Tamil Nadu and Puducherry, serving diverse industrial customers with a comprehensive range of chemical products and solutions.
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.
