HDFC Mutual Fund added over 1.56% of HEG Limited in the quarter and now holds a 2.56% stake. The fund house now holds 84,47,733 shares of the company, with the transaction taking place in a rights issue context.
A leading manufacturer and exporter of graphite electrodes, HEG operates the world's largest single-site integrated graphite electrodes plant. The company produces high-quality electrodes primarily for electric arc furnaces used in steel and non-ferrous metal production globally. HEG serves both domestic and international markets with advanced manufacturing capabilities, technical expertise, and a strong presence in the electrodes and refractories sector.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
