American Funds (Capital Group) cut its stake in Ramkrishna Forgings from 7.02% to 4.47%, selling 45,62,568 shares via open market sale, decreasing its stake below the 5% disclosure threshold.
A leading manufacturer of forged components for automobiles, railway wagons, coaches, and engineering applications across India. The company specializes in producing high-quality forged automotive parts and engineering components that serve diverse industrial sectors. Its expertise in advanced forging technology, precision manufacturing capabilities, and commitment to quality distinguish it as a major player in the Indian auto components and forging industry.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.