Neogen Chemicals Limited
Axis Mutual Fund decreased its stake in Neogen Chemicals from 5.99% to 4.01% by selling 482,137 shares. This transaction caused their holding to fall below the 5% disclosure threshold. The value of the sold shares is approximately ₹99.14 crore based on a share price of ₹2056.10.
A manufacturer of bromine and lithium-based organic and organo-metallic compounds, Neogen Chemicals serves the pharmaceutical, agricultural chemicals, and engineering industries. Incorporated in 1991, the company specializes in producing specialized chemical intermediates and active pharmaceutical ingredients through vertically integrated manufacturing operations. Its diversified product portfolio addresses multiple industrial applications across pharmaceutical formulations, crop protection solutions, and specialized engineering chemical requirements.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.