Franklin Templeton Mutual Fund increased its stake in ION Exchange (India) Limited from 2.25% to 2.58%, buying 475,391 shares. The previous holding was 3,307,202 shares and the new holding is 3,782,593 shares.
A water treatment solutions provider, Ion Exchange operates across the complete water cycle including pre-treatment, process water treatment, wastewater management, recycling, and zero liquid discharge systems. The company also handles sewage treatment, packaged drinking water production, and seawater desalination. Its comprehensive service portfolio addresses water challenges across industrial, municipal, and commercial sectors in India and internationally.
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.
