HDFC Mutual Fund sells over 2% stake in Sundram Fasteners for ₹358 crore

HDFC Mutual Fund on March 4 offloaded more than 2% equity stake in Sundram Fasteners through open market transactions, with the deal valued at nearly ₹358 crore. The company manufactures precision components for the automotive, infrastructure, windmill and aviation sectors.

According to exchange data, the fund sold 20.5 lakh shares at ₹831.97 per share and another 22.48 lakh shares at ₹832.36 per share, amounting to 2.04% of the company’s paid-up equity worth ₹357.66 crore. As of December 2025, HDFC Mutual Fund held a 7.62 % stake in the TVS Group firm through the HDFC NIFTY500 Multicap 50:25:25 Index Fund.

Meanwhile, Sundram Fasteners shares declined 1.3% to close at ₹835.9 on the NSE, with heavy trading volumes. The stock has remained under pressure for the sixth consecutive session.

PNGS Reva Diamond Jewellery Gains

In contrast, PNGS Reva Diamond Jewellery outperformed the weak broader market, rising 6.66% to ₹411.7 on the NSE on its listing day, even as institutional investors trimmed their holdings.

Institutional entities Asio Fund VCC – Sub Fund 4 and Vikasa India EIF I Fund – Share Class P each sold 2.36 lakh shares, equivalent to a 0.74% stake each, in Reva Diamonds. The shares were sold at ₹375 apiece, taking the combined transaction value to ₹8.87 crore.

Also Read: Gold And Silver ETFs Drop Sharply on March 4, 2026, After Global Bullion Sell-Off

Akme Fintrade Saw Stake Shuffle Among Investors

In another deal, Subhash Phootarmal Rathod acquired 46 lakh shares of Akme Fintrade (India) at ₹7.24 per share, amounting to an investment of ₹3.33 crore.

At the same time, Indian Infotech and Software sold 40 lakh shares at ₹7.25 per share, valued at ₹2.9 crore. Both are existing investors in the company, with Rathod holding a 3.6 % stake and Indian Infotech and Software owning 1.12% stake in the firm.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.