Sumitomo Chemical India Limited
Aditya Birla Sun Life Mutual Fund increased its stake in Sumitomo Chemical India Limited from 2.02% to 2.28%, raising its holding from 10,088,697 to 11,395,387 shares. This increase represents an acquisition of 1,306,690 shares. At the current share price of ₹481.15, the added shares are valued at approximately ₹62.89 Cr.
A leading agrochemicals manufacturer in India, Sumitomo Chemical India produces pesticides, crop protection products, and animal nutrition solutions through both proprietary and generic formulations. The company operates with backward integration capabilities and distributes products from its Japanese parent across domestic and international markets. Following its integration of Excel Crop Care Limited, it significantly strengthened its market position in India's crop protection industry and expanded its geographic presence across Africa and other regions worldwide.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.