Stove Kraft Limited
Bandhan Mutual Fund reduced its stake in Stove Kraft Limited from 3.74% to 3.61%, selling 44,640 shares. This transaction decreased their total holdings to 1,193,902 shares. The approximate value of the shares sold is ₹3.53 crore, calculated at the last traded price of ₹791.15 per share.
A manufacturer of kitchen appliances and household solutions operating through multiple brands including Pigeon, Gilma, and as the exclusive partner for BLACK + DECKER in India. The company produces a wide range of cookware, cooking appliances, and home utilities spanning from traditional kitchen products to modern solutions like LED bulbs and health monitoring devices. StoveKraft serves diverse consumer segments across value, semi-premium, and premium market categories.
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.