Engineers India Limited
Bandhan Mutual Fund acquired a new position in Engineers India Limited, purchasing 65,87,672 shares representing a 1.17% stake in the company, worth ₹155.97 crore at ₹236.66 apiece.
A central public sector undertaking operating under the Ministry of Petroleum and Natural Gas, Engineers India provides comprehensive engineering consultancy and project execution services. The company undertakes turnkey contracts across the energy, refining, and infrastructure sectors, delivering integrated solutions spanning design, engineering, procurement, and construction. Its distinctive strength lies in managing complex, large-scale projects requiring specialized technical expertise and end-to-end project delivery capabilities in challenging environments.
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.