Modern Insulators board approves Rs 25 Cr investment in Buoyant Large Value Fund
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Modern Insulators board on June 26, 2026 approved investing up to Rs 25 Crores in Buoyant Large Value Fund, an Alternate Investment Fund that buys listed equities across large, mid, and small cap stocks. The company says it has surplus cash and wants long-term deployment for risk-adjusted returns and portfolio diversification. It is not a related party transaction, and MIL's holding in the fund will be about 3 percent. The price per unit will be decided at the time of purchase.
Deploys surplus cash into an equity-oriented AIF, exposing about Rs 25 Cr to market risk. Mildly positive on diversification, neutral to mildly negative on risk for shareholders.