P N Gadgil Jewellers Limited
Bandhan Mutual Fund increased its stake in P N Gadgil Jewellers from 1.59% to 2.00%, buying 568,536 shares. The stake, now totaling 2,720,948 shares, is worth ₹187.5 Cr at a share price of ₹689.05.
A retail jeweller established in 1832, P.N. Gadgil Jewellers operates across gold, silver, and diamond jewellery segments throughout India. The company maintains a network of physical stores and serves customers seeking traditional and contemporary jewellery designs. Its heritage spanning nearly two centuries and established market presence distinguish it in India's competitive jewellery retail landscape, offering customers curated collections and personalized service.
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.