Amara Raja Energy & Mobility Limited
Sundaram Mutual Fund decreased its stake in Amara Raja Energy & Mobility from 1.56% to 1.22%, selling 625,127 shares. The value of the sold shares is approximately ₹56.73 crore, based on the share price of ₹907.40.
One of India's largest manufacturers of lead-acid batteries, Amara Raja Energy & Mobility Limited produces storage solutions for both industrial and automotive applications across the country. The company operates as the flagship entity of the Amara Raja Group and maintains a technology-leading position in the Indian storage battery sector. Its core operations span manufacturing, distribution, and continuous innovation in battery-based energy and mobility solutions.
Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.