Mahindra Manulife Mutual Fund reduced its stake in NOCIL Limited from 3.57% to 3.05%, selling 8,67,546 shares.
A leading manufacturer of specialty rubber chemicals, NOCIL produces compounds used by India's tyre and rubber processing industries. Incorporated in 1961 and part of the Arvind Mafatlal Group, the company holds the distinction of being the country's largest rubber chemicals manufacturer. Its comprehensive product portfolio serves as essential inputs for tire production, automotive components, and various rubber applications across industrial and consumer sectors.
Joint venture between Mahindra Group and Manulife Investment Management of Canada. Manages over Rs 30,000 crore. Focuses on equity and hybrid fund strategies with a quality growth bias inherited from the Manulife global investment framework. Leverages the Mahindra Group's brand and distribution reach for retail investor outreach.
