ZF Commercial Vehicle Control Systems India Limited
Axis Mutual Fund sold 5,94,016 shares of ZF Commercial Vehicle Control Systems India for ₹138.41 Cr at ₹2330.03 apiece in a bulk deal.
A leading provider of advanced braking systems and air-assisted technologies for commercial vehicles in India, operating under the ZF WABCO brand as part of ZF Group's Commercial Vehicle Control Systems Division. The company manufactures conventional braking products and develops software solutions for the automotive sector. Headquartered in Chennai, it holds the dominant market position in braking systems and related control technologies across India's commercial vehicle industry.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.