Arvind SmartSpaces Limited
Bandhan Mutual Fund increased its stake in Arvind SmartSpaces Limited from 5.61% to 6.31% by purchasing 319,920 shares. The shares were valued at ₹19.67 crore at a price of ₹615.10 apiece.
A real estate developer engaged in designing and executing residential and commercial projects across India. Arvind SmartSpaces operates as the real estate division of the Lalbhai Group, a major conglomerate. The company develops properties through direct land ownership, joint ventures, and joint development partnerships. It brings established infrastructure expertise and financial backing to urban property development initiatives.
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.