Bandhan Mutual Fund trimmed its stake in Rashi Peripherals from 7.58% to 7.18%, selling 2,65,859 shares worth ₹20.7 Cr.
A leading ICT product distributor in India, Rashi Peripherals operates across technology hardware, software, and peripherals distribution channels. Established in 1989, the company provides comprehensive after-sales services and technical support alongside product distribution. It serves as a critical intermediary connecting global technology manufacturers with retailers and corporate customers across the Indian market. The company maintains an extensive network to support IT infrastructure needs nationwide.
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.