Bajaj Electricals Limited
HDFC Mutual Fund reduced its stake in Bajaj Electricals from 9.27% to 7.25%, selling 23,25,060 shares through the open market.
A diversified manufacturer of household appliances and electrical products, Bajaj Electricals operates across consumer appliances, fans, lighting, and engineering procurement and construction solutions. The company markets premium brands including Morphy Richards and Nirlep, serving both domestic and export markets. Its business spans illumination, transmission towers, and power distribution infrastructure, establishing itself as a comprehensive provider in home appliances and electrical solutions.
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.