Styrenix Performance Materials Limited
Bandhan Mutual Fund increased its stake in Styrenix Performance Materials from 4.19% to 4.38%, acquiring 33,355 additional shares. The value of their total holding is now ₹172.07 Cr, with the added shares worth about ₹7.46 Cr at ₹2235.40 apiece.
A specialty chemicals manufacturer established in 1973, Styrenix Performance Materials produces engineering thermoplastics for automotive, electrical, consumer goods, and industrial applications. The company manufactures, trades, and sells high-performance polymer materials that serve as critical components across diverse sectors. Its specialized focus on engineering thermoplastics and commitment to quality positions it as a dedicated player in India's specialty chemicals industry.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.