Godawari Power And Ispat limited
Bandhan Mutual Fund entered Godawari Power And Ispat Limited with a 1.24% stake, acquiring 8,349,214 shares. The investment is worth approximately ₹204.14 Cr at a share price of ₹244.75. This transaction occurred in the context of a rights issue.
A vertically integrated iron and steel manufacturer engaged in mining iron ore and producing iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire, and ferro alloys. The company operates captive power generation facilities to support its manufacturing operations. Godawari Power combines raw material extraction with downstream steel production, offering a comprehensive range of iron and steel products to serve customers across the Indian industrial 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.