Rolex Rings Limited
Kotak Mutual Fund decreased its stake in Rolex Rings from 5.89% (16,045,940 shares) to 3.93% (10,706,873 shares), selling 5,339,067 shares. This move crosses the 5% disclosure threshold.
A leading manufacturer of forged and machined components, this company specializes in producing hot rolled forged bearing rings and automotive parts for diverse industrial applications. It serves global customers across automotive, industrial machinery, wind turbine, and railway sectors. Ranking among India's top five forging companies, it maintains vertically integrated production capabilities for complex precision components and remains a key supplier to multiple industrial segments.
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.