Bharat Forge Limited
Mirae Asset Mutual Fund decreased its stake in Bharat Forge from 2.52% to 1.75%, reducing its shareholding from 12,038,782 shares to 8,354,271 shares. This is a decrease of 3,684,511 shares. Based on the share price of ₹2190.50, the value of the sold shares is approximately ₹808.06 crore.
A leading manufacturer of forged and machined components for the automotive and industrial sectors, Bharat Forge produces critical parts used in engines, transmissions, and suspension systems across vehicles. The company operates advanced forging facilities that serve both domestic and international markets, with comprehensive capabilities spanning design, manufacturing, and precision machining. Its integrated production processes and engineering expertise enable it to deliver high-quality components to major automobile manufacturers and industrial equipment producers globally.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.