Vidya Wires Limited
Bank of India Mutual Fund reduced its stake in Vidya Wires Limited from 2.17% to 1.04% by selling 24,09,483 shares. The transaction value is estimated to be ₹23.39 crore based on the current share price of ₹97.06.
A manufacturer of copper and aluminium wires incorporated in 1981, Vidya Wires serves electrical, construction, and industrial sectors across India. The company specializes in producing high-quality wire products for power transmission, distribution, telecommunications, and various industrial applications. Its vertically integrated operations and focus on reliable manufacturing and consistent product quality distinguish it in the competitive metal wire sector.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.