Usha Martin Limited
Bandhan Mutual Fund raised its stake in Usha Martin from 1.05% to 1.30%, purchasing 7,64,414 shares.
A manufacturer of steel wires, strands, wire ropes, and cords serving industrial applications across India. The company produces specialized wire products and related accessories for construction, mining, infrastructure, and marine sectors. Usha Martin also manufactures wire drawing machines and allied equipment used in steel processing. Its integrated production facilities and technical expertise in wire manufacturing distinguish it in the domestic market.
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.