Bandhan Mutual Fund sold 2.5 lakh shares of Apollo Pipes for ₹9.89 crore at ₹395.70 apiece in a bulk deal. This transaction was part of a larger exit by Bandhan Mutual Fund, which sold a total of 5 lakh shares representing a 1.14% holding in Apollo Pipes in two tranches, fully exiting its stake.
A leading manufacturer and trader of piping solutions in India, Apollo Pipes produces cPVC, uPVC, and HDPE pipes along with PVC fittings, taps, water storage tanks, and solvent cement for industrial applications. The company serves diverse sectors including agriculture, water management, construction, infrastructure, and telecom ducting. It ranks among India's top ten piping solution providers by market presence and product range.
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.
