JK Lakshmi Cement Limited
Bandhan Mutual Fund acquired 14,32,321 shares, a 1.15% stake, in JK Lakshmi Cement Limited. The investment is worth approximately ₹82.52 crore, calculated at the last traded share price of ₹576.25.
A manufacturer and supplier of cement and building materials across India, JK Lakshmi Cement operates as part of the JK Group conglomerate. The company produces Portland cement, ready-mix concrete, and autoclaved aerated concrete blocks for the construction and infrastructure sectors. Its integrated operations span multiple states, serving builders, contractors, and infrastructure developers through an established distribution network and manufacturing facilities.
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.