Tamil Nadu Newsprint & Papers Limited
HDFC Mutual Fund decreased its stake in Tamil Nadu Newsprint & Papers Limited from 3.82% to 3.63%, selling 1,30,614 shares. The value of the remaining stake is ₹36.5 Cr at ₹145.25 apiece.
A diversified manufacturer incorporated in 1979, T N Newsprint produces newsprint, paper, and paperboard for domestic and international markets. The company operates integrated cement production facilities and power generation units, creating a vertically diversified business model. It serves packaging, publishing, construction, and infrastructure industries across multiple sectors in India.
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.