Action Construction Equipment Limited
Polar Capital's name has dropped from Action Construction Equipment Limited's latest shareholder list. Previously holding a 1.61 percent stake, Polar Capital has either completely exited the company or trimmed its position below the 1 percent disclosure threshold.
A manufacturer of construction and material handling equipment, the company produces hydraulic mobile cranes, tower cranes, forklifts, backhoe loaders, compactors, and motor graders for the construction sector. It also manufactures agricultural equipment including tractors, harvesters, and rotavators for farming operations. The company serves diverse industries through its vertically integrated manufacturing operations and comprehensive product portfolio across construction and agriculture segments.
A London based specialist asset manager founded in 2001 by the team behind its technology fund, and listed on the London Stock Exchange. It runs high conviction thematic strategies rather than broad index trackers, with particular depth in technology, artificial intelligence, healthcare and smart energy. Its Indian holdings come through two vehicles, the Healthcare Opportunities Fund and the Emerging Market Stars Fund, so positions here reflect either a sector view or a wider emerging markets allocation.