Finolex Cables Limited
HDFC Mutual Fund decreased its stake in Finolex Cables from 2.16% to 1.29%, selling 1,342,492 shares. The shares were valued at approximately ₹173.47 crore, based on a share price of ₹1291.60.
A leading manufacturer of electrical and telecommunication cables in India, Finolex produces a diverse range of power, control, and communication cables serving residential, commercial, and industrial segments. With over five decades of operational history, the company maintains strong market presence through its vertically integrated manufacturing facilities, extensive distribution network, and commitment to quality standards across its comprehensive product portfolio.
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.