Major Institutional Powerhouse Investors Surge into Craftsman Automation with 9-Investor Block Deal
Nine domestic and global investors collectively acquired a strategic 2 percent stake in Craftsman Automation through open market transactions on June 23. The company, which manufactures aluminium casting products and powertrain components for the automotive and industrial engineering sectors, saw its shares purchased at a price of Rs 9,250 per share.This investment signals growing confidence from prominent financial entities into the manufacturing sector. The syndicate includes major institutions such as Franklin Templeton, Merrill Lynch, and Abu Dhabi Investment.
Key Investors Driving Stake Acquisition
HDFC Mutual Fund emerged as the single largest buyer among the nine investors involved in the transaction. HDFC MF acquired 1.83 lakh shares, valued at Rs 170 crore. Invesco Mutual Fund also played a significant role, purchasing 1.08 lakh shares worth Rs 100 crore.Franklin Templeton MF, Merrill Lynch Investment Managers, and Abu Dhabi Investment were among the institutional buyers participating in this stake acquisition. Other funds involved included Axis MF, Edelweiss MF, Tata AIA Life Insurance Company, and HDFC Standard Life Insurance.
Promoter’s Stake Reduction Details
The open market transaction saw promoter Srinivasan Ravi selling 5.25 lakh shares, representing his 2 percent equity stake in the company. This sale was executed for Rs 485.62 crore. As of March 2026, Srinivasan Ravi held a total shareholding of 40.15 percent within the company's promoter group, which accounted for 44.42 percent of the total shares.Institutional Holdings and Market Context
Several mutual funds were existing shareholders in Craftsman Automation prior to this open market transaction. Axis Mutual Fund held a 3.51 percent stake as per the March 2026 shareholding pattern. Invesco MF, HDFC MF, and Edelweiss MF also maintained substantial holdings at 3.32 percent, 1.92 percent, and 1.83 percent respectively.The stock price of Craftsman Automation faced some pressure in the market on that day. Shares were reported to have fallen by 0.8 percent, trading at Rs 9,445.5 on the National Stock Exchange.
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