AIA Engineering Limited
Franklin Templeton Mutual Fund initiated a new position in AIA Engineering, acquiring 10,72,018 shares, representing a 1.15% stake in the company. The investment is valued at approximately ₹507.69 crore, based on a share price of ₹4,732.00.
A manufacturer of high-chrome grinding media, liners, and diaphragms collectively known as mill internals, AIA Engineering serves the cement, power utility, aggregates, and mining industries globally. The company specializes in producing wear-resistant components used in crushing and grinding operations across these sectors. Its focused expertise in manufacturing durable mill internals for demanding industrial applications distinguishes it within the castings and forgings industry.
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.