The Division was started in 1993 to manufacture and market lubricating oil and greases. Within a short span of seven years, the Division has grown to become the second largest lubricant oil manufacturer in the private sector in India.
The Division is a regular supplier to almost all major automobile and tractor manufacturers in the country and is approved by almost all major original equipment manufacturers. It is also supplying automatic greasing equipment to large garages which are now handling large number of transport vehicles due to phenomenal increase in the medium and heavy transport vehicles over the last 2-3 years in India.
Bridge India Fund managed by Prans Asset Management held 606,172 shares or 1.22% as of March, 2016 sold its entire stake to the promoter company Gulf Oil International (Mauritius).
In addition to this stake, Gulf Oil International (Mauritius) purchased 245,000 shares or 0.49%.
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.