Hindustan Petroleum Corporation Limited
Kotak Mutual Fund decreased its stake in Hindustan Petroleum Corporation Limited from 2.58% to 2.47%, selling 23,65,524 shares.
One of India's largest integrated energy companies, HPCL operates across the entire petroleum value chain, engaging in crude oil refining, marketing of petroleum products, and hydrocarbon production. The company manages exploration and production blocks while maintaining a significant downstream presence through extensive fuel distribution and retail networks. Its vertically integrated business model enables operations spanning refining capacity, retail marketing infrastructure, and upstream energy exploration activities.
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.