GNA Axles Limited
Bank of India Mutual Fund disclosed a 1.78% stake in GNA Axles Limited, holding 7,62,179 shares. The holding was newly disclosed under a rights issue context.
A manufacturer of automotive components for the four-wheeler industry, GNA Axles specializes in producing rear axles, shafts, spindles, and related automobile parts for domestic and international markets. The company serves as a key component supplier within India's automotive sector, with expertise in precision engineering and manufacturing. Its vertical integration and focus on quality components for the commercial and passenger vehicle segments distinguish it in the automotive supplier ecosystem.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.