Steel Strips Wheels Limited
Bandhan Mutual Fund decreased its stake in Steel Strips Wheels Limited from 1.41% to 1.21%, selling 315,082 shares. This move reduced their total holdings to 1,897,240 shares.
A manufacturer of steel wheel rims and alloy wheels for automobiles, Steel Strips Wheels designs and supplies components to domestic and global vehicle makers across multiple segments. Headquartered in Chandigarh, the company specializes in producing high-quality wheels for commercial vehicles, passenger cars, and two-wheelers. Established in 1985 and operational since 1991, it functions as a key supplier within India's auto components sector.
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.