CG Power and Industrial Solutions Limited
Axis Mutual Fund trimmed its stake in CG Power and Industrial Solutions from 1.66% to 1.57%, selling 14,00,260 shares worth ₹127 Cr at ₹905 apiece.
A global provider of electrical energy solutions, CG Power & Industrial Solutions serves utilities, industries, and consumers across multiple markets worldwide. The company operates through two primary business segments: Power Systems and Industrial Systems, delivering comprehensive end-to-end products, services, and solutions tailored to customer needs. It specializes in efficient and sustainable energy management and application, helping organizations optimize electrical infrastructure and adopt innovative power technologies for industrial and consumer operations.
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.