Setu, an AIF, bought 1,000,000 shares of AVI Polymers, establishing a new position representing a 1.06% stake in the company. The shares are valued at ₹1.68 crore at a price of ₹16.76 apiece.
A specialty chemicals company engaged in trading and distribution of polymers and chemical products across India. AVI Polymers sources, stocks, and supplies a diverse range of polymeric materials to manufacturers in packaging, automotive, construction, and industrial sectors. Incorporated in 1993, the company operates as a reliable intermediary between chemical producers and end-user industries, serving established distribution networks and regional markets throughout the country.
(Setu AIF Trust) managed by Bengaluru-based Mountain Managers Pvt Ltd with Catalyst Trusteeship as trustee. Multi-sector India fund including listed-equity investments.
