Kirloskar Ferrous Industries Limited
Bandhan Mutual Fund increased its stake in Kirloskar Ferrous Industries Limited from 1.65% to 1.72%, acquiring 110,869 shares. The value of the additional shares is ₹5.21 Cr at a share price of ₹470.90 apiece.
A vertically integrated manufacturer of pig iron and ferrous castings, the company produces cylinder blocks, cylinder heads, transmission parts, and various housings for the automobile, tractor, and diesel engine industries. Established in 1991 and part of the Pune-based Kirloskar Group, it ranks among India's leading players in foundry-grade pig iron manufacturing and specialized ferrous castings serving domestic markets.
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.