Bandhan Mutual Fund bought 2,40,000 shares of Hi-Tech Pipes Limited for ₹2.08 Cr at ₹86.70 apiece in an open market transaction, increasing its stake from 9.04% to 9.15%.
A manufacturer of ERW steel round and section pipes, cold rolled strips, and engineering products for industrial applications across India. The company operates an integrated production facility specializing in delivering high-quality steel pipe solutions to diverse sectors including construction, automotive, infrastructure, and engineering. Hi-Tech Pipes maintains a strong distribution network spanning the Indian market to serve customers nationwide.
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.
