Bandhan Mutual Fund Increases Holding in Pennar Industries Ltd through Open Market Purchase
Bandhan Mutual Fund, operating through its Bandhan Small Cap Fund scheme, has increased its stake in Pennar Industries Limited following an acquisition of equity shares on April 13, 2026. The fund acquired 1,20,000 shares, resulting in an increase in its total holding to 5.0469% of the company's paid up capital and voting rights.Prior to the acquisition, the fund's holding stood at 4.9580% of the company's total share/voting capital. The purchase of shares was conducted through the open market.
The total voting capital of Pennar Industries Limited was INR 67,47,31,155/- before the transaction.
The details of the acquisition and the resulting shareholding are summarized below:
| Metric | Before Acquisition | Details of Acquisition | After Acquisition |
|---|---|---|---|
| Acquirer | Bandhan Mutual Fund (through its scheme Bandhan Small Cap Fund) | N/A | Bandhan Mutual Fund (through its scheme Bandhan Small Cap Fund) |
| Shares Acquired | N/A | 1,20,000 shares | N/A |
| Percentage Held | 4.9580% | 0.0889% | 5.0469% |
| Total Voting Capital | INR 67,47,31,155/- | N/A | INR 67,47,31,155- |
| Shares Held (Total) | 66,90,651 | N/A | 68,10,651 |
The acquisition was completed on April 13, 2026, marking the fund's increased stake in the company. The company's total diluted share/voting capital after the transaction remains at INR 67,47,31,155- (13,49,46,231 equity shares of face value of Rs. 5/- each fully paid up).
PENIND Stock Price Movement
Today, Pennar Industries Limited shares edged higher to close at ₹173.29, gaining 1.71% in after-hours trading. The stock traded today on a substantial volume of 738,878 shares as it settled for the session.Source:
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