Seshaasai Technologies Limited
Franklin Templeton Mutual Fund acquired 20,20,405 shares of Seshaasai Technologies Limited, establishing a new position with a 1.25% stake worth ₹80.81 Cr.
A technology-driven solutions provider specializing in payment processing, digital communications, and fulfillment services across India. Incorporated in 1993, the company operates from multiple locations and serves enterprise clients with integrated fintech solutions. Its distinctive approach combines payment infrastructure with communication platforms and logistics capabilities, offering end-to-end services that address the broader operational needs of businesses beyond traditional payment processing alone.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.