Sky Gold And Diamonds Limited
Bandhan Mutual Fund increased its stake in Sky Gold And Diamonds Limited from 2.84% to 3.67%, acquiring 1,281,789 additional shares. The total value of Bandhan Mutual Fund's holding in Sky Gold And Diamonds is now approximately ₹353 Cr.
A jewellery manufacturer engaged in designing and producing gold jewellery for the Indian market. Sky Gold operates through a business-to-business model, supplying finished gold jewellery products to mid-range jewellers and boutique stores across the country. These retail partners distribute the company's products through both online platforms and physical retail stores, targeting the mid-market jewellery segment with contemporary designs and quality craftsmanship.
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.