TruAlt Bioenergy Limited
Bandhan Mutual Fund increased its stake in TruAlt Bioenergy from 2.77% to 3.66%, acquiring 7,60,072 shares. The transaction was executed through a rights issue.
A biofuel producer engaged in manufacturing ethanol from biomass, TruAlt Bioenergy operates in India's renewable energy sector. Incorporated in 2021, the company specializes in developing and scaling sustainable fuel production processes. Its core focus remains on ethanol production, contributing to India's renewable energy transition and reducing dependence on fossil fuels through innovative biochemical conversion methods.
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.