Shriram Finance Limited
Kotak Mutual Fund decreased its stake in Shriram Finance Limited from 2.32% to 1.71%, selling 3,329,141 shares. The value of the sold shares is approximately ₹376.99 crore, calculated at the last closing price of ₹1132.30 per share.
A deposit-taking non-banking financial company specializing in commercial vehicle financing, primarily for trucks across new and pre-owned segments. Operating through an extensive network of branches and rural centers, the company serves individual borrowers and maintains partnerships with private financiers to expand its reach. Part of the Shriram Group conglomerate, it focuses on providing vehicle financing solutions to India's transportation and logistics sector.
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.