V2 Retail Limited
Bandhan Mutual Fund initiated a new position in V2 Retail Limited by acquiring 7,363,267 shares, representing a 2.02% stake in the company. The investment is valued at ₹162.72 Cr, with shares priced at ₹221.13 apiece.
A specialty retailer operating a chain of V2 Retail stores across Tier-II and Tier-III cities in India. The company offers apparel and general merchandise catering to the entire family through its retail network. V2 Retail distinguishes itself by focusing on underserved smaller cities where it provides accessible fashion and lifestyle products to local communities, establishing a strong presence in regions with limited retail options.
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.