Alicon Castalloy Limited
Bandhan Mutual Fund increased its stake in Alicon Castalloy Limited from 2.14% to 3.54%, acquiring 2,30,490 shares.
A manufacturer of aluminium castings serving the automotive industry, producing cylinder heads, support brackets, intake manifolds, crankshafts, and engine brackets for global automakers. The company operates manufacturing facilities across eighteen countries and is part of the Alicon Group. It was established as a joint venture between Pegasus Castalloy and Enkei Corporation, one of the world's largest alloy wheel manufacturers.
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.