Bandhan Mutual Fund entered Finolex Industries by purchasing 67,75,590 shares, representing a 1.09% stake.
A leading manufacturer of PVC resin and India's largest producer of PVC pipes and fittings, Finolex Industries serves the agriculture, construction, and industrial sectors with superior quality products. The company operates through two core divisions: PVC resin production and PVC pipes and fittings manufacturing. Its durable PVC-U pipes and fittings are engineered to meet demanding operational requirements across diverse applications and infrastructure projects.
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.
