Franklin Templeton Mutual Fund has dropped off The Ramco Cements Limited's major shareholder list after last holding 1.01 percent. This change indicates the fund either completed a full exit or trimmed its position below the 1 percent reporting threshold.
A cement manufacturer producing cement, Ready Mix Concrete, and dry mortar products for the Indian construction and infrastructure sectors. The company operates multiple integrated production facilities across India and serves domestic builders, contractors, and infrastructure developers. Ramco combines cement manufacturing with specialized construction materials, focusing on quality products and customer service to meet diverse requirements in India's growing construction market.
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.
