V-Guard Industries Limited
Aditya Birla Sun Life Mutual Fund raised its stake in V-Guard Industries from 3.13% to 3.63%, purchasing 21,73,725 shares.
A manufacturer of consumer durables and electrical appliances, V-Guard Industries produces voltage stabilizers, water heaters, pumps, geysers, and home electronics for Indian households. Founded in 1977, the company has expanded from a regional South Indian brand to a national player offering a diverse range of thoughtfully engineered products across multiple categories. Its operations span manufacturing, distribution, and retail networks throughout the country.
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.