Carborundum Universal Limited
Tata Mutual Fund decreased its stake in Carborundum Universal Limited from 1.73% to 1.52%, selling 400,790 shares for ₹45.07 Cr.
A leading manufacturer of abrasives, ceramics, refractories, and electro-minerals, Carborundum Universal serves diverse industrial sectors including automotive, metalworking, construction, and heavy industries. Part of the Chennai-based Murugappa Group, the company operates integrated production facilities and offers specialized materials for grinding, cutting, finishing, and thermal applications. Its products address critical manufacturing and industrial processes, serving customers across domestic and international markets through established distribution networks and technical support.
AMC subsidiary of the Tata Group, India's most diversified conglomerate. Manages over Rs 1.8 lakh crore with a wide range of equity, debt and hybrid schemes. Part of the broader Tata Capital financial services ecosystem. Tata Small Cap Fund and Tata Digital India Fund have been among the most popular thematic and segment-specific equity offerings.