Vesuvius India Limited
HDFC Mutual Fund increased its stake in Vesuvius India Limited from 6.83% to 7.08%, purchasing 5,00,000 shares.
A manufacturer and trader of refractory goods, Vesuvius India serves industries requiring high-temperature materials and thermal management solutions. Incorporated in 1991, the company produces specialized refractories used in steel, cement, glass, and other heat-intensive industrial processes. The company operates through a network of manufacturing facilities and distribution channels across India, providing engineered refractory products and technical support to industrial customers in demanding applications.
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.