Sterlite Technologies Limited
Bandhan Mutual Fund sold 18.15 lakh shares of Sterlite Technologies for ₹118.27 Cr at ₹651.60 apiece in an open market transaction, decreasing its stake from 3.39% to 3.02%.
A manufacturer of optical fiber and optical fiber cables serving India's telecom and power transmission sectors. Established in 2001 through a demerger of the telecom division from Sterlite Industries, the company expanded into power transmission cables in 2006. It operates as the largest optical fiber cable manufacturer domestically and maintains a substantial presence in overseas markets, supplying critical infrastructure for telecommunications and energy networks.
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.