Schaeffler India Limited
Axis Mutual Fund decreased its stake in Schaeffler India from 1.78% to 1.46%, selling 488,572 shares. The value of shares sold is ₹201.8 Cr at a price of ₹4134.70 apiece.
A leading manufacturer of high-precision bearings and automotive components, Schaeffler India develops and distributes roller bearings, ball bearings, engine systems, transmission components, and clutch systems for the automotive and industrial sectors. The company operates as a vertically integrated manufacturer with in-house machine building capabilities and serves both domestic and global markets through its specialized engineering expertise and advanced manufacturing technologies.
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.