Franklin Templeton Mutual Fund decreased its stake in PG Electroplast from 3.37% to 2.26% by selling 3,177,733 shares, valued at ₹189.65 Cr at ₹597.00 apiece.
A leading Indian electronic manufacturing service provider, PG Electroplast specializes in Original Design Manufacturing, Original Equipment Manufacturing, and plastic injection molding for consumer electronics. The company serves over 50 leading Indian and global brands across multiple sectors. Established in 2003 as the flagship company of PG Group, it offers comprehensive design and production solutions tailored to client requirements and market demands.
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.
