Bandhan Mutual Fund increased its stake in Apeejay Surrendra Park Hotels from 1.92% to 2.21%, buying 6,37,546 shares.
A hospitality company incorporated in 1987, Apeejay Surrendra Park Hotels operates hotels and resorts across India's major cities and leisure destinations. The company provides accommodation services through its portfolio of properties and offers yacht charter services for leisure and corporate travelers. Its operations span premium hospitality venues designed to serve both business clientele and recreational guests seeking quality hospitality experiences.
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.