Isgec Heavy Engineering Limited
Bandhan Mutual Fund increased its stake in Isgec Heavy Engineering from 1.10% to 1.69%, buying 429,928 shares. This purchase is worth ₹36.94 crore based on the share price of ₹859.25.
A diversified heavy engineering company engaged in manufacturing and executing turnkey projects across multiple sectors including power generation and food processing. The company produces process plant equipment, industrial presses, iron and steel castings, and boiler pressure parts while undertaking large-scale projects for power plants, sugar facilities, distilleries, and factories. It maintains a strong global presence and operates a sugar manufacturing subsidiary producing sugar and by-products.
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.