Automotive Axles Limited
Bandhan Mutual Fund increased its stake in Automotive Axles from 1.15% to 1.49%, acquiring 51,208 shares to take its total holding to 2,25,236 shares.
A leading manufacturer of automotive axles and drivetrain components for commercial vehicles, Automotive Axles supplies to major domestic and international truck and bus manufacturers. Established as a joint venture between Kalyani Group and Meritor Inc, the company specializes in components for light, medium, and heavy commercial vehicles, as well as military and off-highway applications. Its integrated manufacturing capabilities and focus on quality serve the evolving needs of the commercial vehicle sector.
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.