PPFAS Mutual Fund initiated a new position in West Coast Paper Mills Limited, acquiring 9,47,665 shares for a 1.43% stake. The investment is valued at ₹50.77 crore at a share price of ₹535.15.
One of India's oldest and largest paper manufacturers, West Coast Paper produces high-quality papers for printing, writing, and packaging applications. Established in 1955, the company operates a mill in Dandeli, Karnataka, and serves printing, publishing, stationery, notebooks, and packaging industries across India. Its products support diverse industrial sectors while contributing to national economic development and growth.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.