MOIL Limited
Bandhan Mutual Fund increased its stake in MOIL Limited from 1.04% to 1.15%, acquiring 220,553 shares. The total value of the increased holding is approximately ₹6.16 Cr based on the share price of ₹279.60.
India's largest manganese ore producer, MOIL Ltd operates as a state-owned enterprise under the Government of India. The company focuses on mining, processing, and extracting manganese ore from deposits across multiple regions. Its output supplies raw materials to domestic steel, alloy, and chemical industries. As a Miniratna entity, it maintains a significant position in the industrial minerals sector.
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.