L. T. Elevator Limited
Bandhan Mutual Fund acquired a new position of 1,080,000 shares in L. T. Elevator Limited, representing a 5.08% stake. This stake is valued at approximately ₹32.45 Cr, based on the share price of ₹300.50. This transaction crosses the 5% disclosure threshold.
A leading provider of elevator and escalator solutions in India, L. T. Elevator designs, manufactures, installs, and services vertical transportation systems for residential, commercial, and industrial applications. The company distinguishes itself through comprehensive engineering expertise, advanced technology integration, and a strong commitment to after-sales service and technical support. It serves customers across diverse sectors with customized mobility solutions.
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.