Sirca Paints India Limited
Bandhan Mutual Fund acquired 19,49,448 shares, representing a 3.43% stake, in Sirca Paints India Limited. The value of this new position is approximately ₹78.47 crore.
A manufacturer and exporter of wood coatings and decorative paints operating under the Sirca brand, the company serves domestic and international markets. Sirca Paints specializes in wood finishes and protective coatings designed for furniture, flooring, and architectural applications. The company operates across manufacturing, distribution, and export channels to deliver comprehensive coating solutions to industrial and consumer segments across multiple regions.
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.