Gandhar Oil Refinery (India) Limited

Bandhan Mutual Fund, which previously held 2.25 percent of Gandhar Oil Refinery (India) Limited, has dropped from the company's disclosed shareholder list, indicating either a complete exit or a reduction in its stake to below the 1 percent reporting requirement.

A leading manufacturer of white oils, Gandhar Oil Limited serves the consumer and healthcare industries with specialized lubricant products. Incorporated in 1992, the company focuses on producing high-quality white oils tailored for pharmaceutical, cosmetic, and industrial applications. Its deep expertise in manufacturing white oils for niche segments and commitment to quality make it a distinctive player in India's lubricants 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.