HDFC Mutual Fund increased its stake in Hyundai Motor India to 3.07% from 2.91%, adding 13.04 lakh shares. The value of the additional shares is approximately ₹260.03 crore based on the share price of ₹1993.30.
A leading passenger car and utility vehicle manufacturer in India, Hyundai Motor India Limited operates as part of the global Hyundai Motor Group, one of the world's largest automotive producers by passenger vehicle sales. The company designs, manufactures, and distributes vehicles across multiple segments, serving the domestic market with sedans, SUVs, and hatchbacks. Established in 1996, it combines international automotive expertise with deep local market knowledge and customer insights.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
