Apar Industries Limited
Kotak Mutual Fund trimmed its stake in Apar Industries to 2.60% from 3.17%, reducing its shareholding from 1,271,397 shares to 1,043,325 shares.
A vertically integrated manufacturer of electrical equipment with operations across conductors, transformer and specialty oils, and power/telecom cables. Founded in 1958, the company serves India's power transmission and telecommunications infrastructure while maintaining a global presence. It plays a significant role in supporting the country's electrification efforts and energy distribution networks across industrial and utility sectors.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.