Vanguard, a leading global investment management company, has made strategic portfolio investments in the Indian market. These ‘fresh picks’ reflect their investment outlook on India and could offer valuable insights for investors. The following details Vanguard’s latest picks.
Cipla Ltd
Cipla Ltd is one of the leading pharmaceutical companies in India. The Company is in the business of manufacturing, developing, and marketing a wide range of branded and generic formulations and Active Pharmaceutical Ingredients (APIs).
Looking at the latest shareholding pattern, Vanguard Total International Stock Index Fund has purchased a new stake of 8,098,012 shares in the company, currently holding 1 percent of the shares of Cipla.
ICICI Bank
ICICI Bank is the second-largest private sector bank in India, offering a diversified portfolio of financial products and services to retail, SME, and corporate customers. The ICICI group has presence in businesses like life and general insurance, housing finance, primary dealership, etc, through its subsidiaries and associates
Looking at the latest shareholding pattern, Vanguard Total International Stock Index Fund has purchased a new stake of 74,263,842 shares in the company, currently holding 1.28 percent of the shares of ICICI Bank.
Reliance Power Ltd
Reliance Power has been established to develop, construct, and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries, has a large portfolio of power generation capacity, both in operation as well as capacity under development.
Looking at the latest shareholding pattern, Vanguard Total International Stock Index Fund has purchased a new stake of 40,385,288 shares in the company, currently holding 1.01 percent of the shares of Reliance Power Ltd
Strides Pharma Science Ltd
Strides Pharma Science Ltd is in the business of the development and manufacturing of pharmaceutical products. The company has always followed an inorganic growth strategy over the years that resulted in a foray into new markets, the addition of new business segments, therapy segments, and manufacturing infrastructure
Looking at the latest shareholding pattern, Vanguard Total International Stock Index Fund has purchased a new stake of 948,609 shares in the company, currently holding 1.03 percent of the shares of Strides Pharma Science Ltd
Sudarshan Chemical Industries Ltd
Sudarshan Chemical Industries manufactures and sells a wide range of Organic and Inorganic Pigments, Effect Pigments. The Group also manufactures Pollution Control Equipment, Size Reduction Equipment, and Grinding Equipment for industrial applications.
Looking at the latest shareholding pattern, Vanguard Total International Stock Index Fund has purchased a new stake of 808,160 shares in the company, currently holding 1.03 percent of the shares of Sudarshan Chemicals.
Nazara Technologies
Nazara Technologies is the leading India-based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America, and offerings across the interactive gaming, eSports, and gamified early learning ecosystems.
Looking at the latest shareholding pattern, Vanguard Total International Stock Index Fund has purchased a new stake of 941,666 shares in the company, currently holding 1.07 percent of the shares of Nazara Technologies.
Written By Likesh Babu S
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