Bandhan Mutual Fund increased its stake in Hi-Tech Pipes Limited from 8.96% to 9.33% by buying 7,59,137 shares. This stake increase was part of a qualified institutional placement (QIP) where Bandhan Mutual Fund was allotted 11.98% of the total issue size.
A manufacturer of ERW steel round and section pipes, cold rolled strips, and engineering products for industrial applications across India. The company operates an integrated production facility specializing in delivering high-quality steel pipe solutions to diverse sectors including construction, automotive, infrastructure, and engineering. Hi-Tech Pipes maintains a strong distribution network spanning the Indian market to serve customers nationwide.
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.
