THELEME INDIA MASTER FUND LIMITED

As of Jun 2026, THELEME INDIA MASTER FUND LIMITED — an institution tracked through public shareholding filings — disclosed 12 holdings in Indian listed companies worth ₹4,139 crore. The same holdings-at-filing-value basis put it at ₹3,384 crore in Mar 2026 (+22.3%). Solomo carries these filings back to Jun 2022.

Largest disclosed positions in Jun 2026: One 97 Communications Ltd (PAYTM — 1.02% of the company, ₹797 crore); Star Health & Allied Insurance Company Ltd (STARHEALTH — 2.00% of the company, ₹684 crore); IIFL Finance Ltd (IIFL — 2.68% of the company, ₹593 crore); Jindal Saw Ltd (JINDALSAW — 2.26% of the company, ₹377 crore); SPR Auto Technologies Ltd (SHRIPISTON — 1.88% of the company, ₹347 crore). Those 5 account for 68% of the disclosed value.

Changes in the Jun 2026 filings: Stake raised in Sudarshan Chemical Industries Ltd (+0.66 pp), Jubilant Pharmova Ltd (+0.20 pp), Aditya Birla Fashion & Retail Ltd (+0.18 pp). Stake reduced in IIFL Capital Services Ltd (−1.04 pp), Jindal Saw Ltd (−0.16 pp).