Pennar Industries Limited
Bandhan Mutual Fund increased its stake in Pennar Industries from 4.50% to 5.73%, buying 16,63,938 shares. This move crossed the 5% disclosure threshold.
A multi-location manufacturer of precision engineering products, Pre-Engineered Building Systems, hydraulics solutions, and warehousing infrastructure. Pennar Industries serves construction, infrastructure, and manufacturing sectors through customized engineered offerings. The company operates across diverse industrial segments with vertical integration capabilities, distinguishing itself through technical expertise and sector-specific solutions. Its multi-product portfolio enables comprehensive service delivery to varied customer requirements in building systems and industrial applications.
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.