CESC Limited
Franklin Templeton Mutual Fund cut its stake in CESC Limited from 3.10% to 2.20%, selling 1,19,76,563 shares.
An integrated power utility operating in India's eastern region, CESC Ltd generates and distributes electricity to residential, commercial, and industrial customers across its service areas. The company operates thermal and renewable power generation facilities alongside its distribution network infrastructure. With over four decades of operational experience, it manages the complete electricity value chain from power generation through transmission and last-mile consumer delivery services.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.