Aditya Birla Sun Life Mutual Fund decreased its stake in R R Kabel Limited from 1.95% to 1.68% by selling 311,452 shares. The shares were valued at approximately ₹71.43 crore based on the share price of ₹2293.30.
A manufacturer of consumer electrical products serving residential, commercial, industrial, and infrastructure markets across India. RR Kabel operates through two main segments: wires and cables, including house wires, industrial wires, power cables, and special cables; and fast-moving electrical goods comprising fans, lighting, switches, and appliances. The company has built a diversified presence in the electrical products sector since its establishment in 1995, catering to varied customer segments and applications.
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.
