Jindal Steel Limited
Kotak Mutual Fund decreased its stake in Jindal Steel Limited from 3.54% to 3.49%. The fund’s holding fell by 5,40,416 shares to 3,55,50,804 shares, with the reduction occurring in the context of a rights issue.
One of India's leading steel producers, Jindal Steel manufactures a comprehensive range of steel products serving construction, automotive, infrastructure, and industrial sectors. The company operates integrated steel facilities and maintains significant presence in mining operations across India. Through international subsidiaries, it has expanded operations to multiple countries in Africa and the Asia-Pacific region, establishing a global footprint.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.