Bandhan Mutual Fund Boosts Stake in Pennar Industries to 5.0469%
Bandhan Mutual Fund has significantly increased its holding in Pennar Industries Limited, acquiring equity shares that boosted its stake to 5.0469% of the company's paid up capital and voting rights.The acquisition occurred on April 13, 2026. The stake increase was achieved through the scheme Bandhan Small Cap Fund, which acquired equity shares amounting to 0.0889% of Pennar Industries Limited. This transaction further solidifies Bandhan Mutual Fund's position in the company.
According to the details provided, Bandhan Mutual Fund is not classified as a Promoter or Promoter group. The shares were acquired through the open market.
The acquisition details and resulting shareholding changes are outlined below:
| Metric | Before Acquisition Holding | Acquisition Detail | After Acquisition Holding |
|---|---|---|---|
| Holding Percentage | 4.9580% | 0.0889% | 5.0469% |
| Shares Acquired | N/A | 1,20,000 shares | N/A |
Before the recent acquisition, Bandhan Mutual Fund’s holding stood at 4.9580%. The acquisition of 1,20,000 shares represents a 0.0889% increase in the stake. Following the open market purchase, the fund's total holding rose to 5.0469%.
The total voting capital of Pennar Industries Limited remained stable after the transaction. The total voting capital of the company, both before and after the acquisition, is INR 67,47,31,155/ (representing 13,49,46,231 equity shares of face value of Rs. 5/ each fully paid up).
PENIND Stock Price Movement
Pennar Industries Limited shares today gained momentum, closing at ₹173.35 after rallying 1.51% on the day. The stock saw solid trading interest, reporting a total volume of 745,668 shares during the session.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.