Cyient DLM Limited
Axis Mutual Fund entered Cyient DLM Limited, acquiring 13,63,728 shares to take a 1.72% stake in the company.
A leading electronics system design and manufacturing company, Cyient DLM provides comprehensive system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers in the aerospace, defense, and high-tech engineering sectors. The company serves a global customer base across India, Europe, North America, China, and Japan, delivering specialized solutions for complex industrial applications and mission-critical systems.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.