Shilpa Medicare Limited
Bandhan Mutual Fund acquired 24,31,840 shares of Shilpa Medicare Limited, representing a 1.24% stake, worth ₹153 Cr.
A pharmaceutical manufacturer producing niche active pharmaceutical ingredients, intermediates, and formulations for domestic and international markets. The company operates through injectable and oral dosage forms, offering contract research and manufacturing services to clients. Established in 1987, it maintains a vertically integrated manufacturing base across multiple therapeutic areas and serves both branded and generic segments through its subsidiary operations.
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.