HDFC Mutual Fund Discloses Sale of Shares Worth Rs 358 Crore in Sundram Fasteners

HDFC Mutual Fund Offloads 2% Stake in Sundram Fasteners

On March 4, HDFC Mutual Fund sold a 2.04% stake in Sundram Fasteners, a precision component manufacturer for various sectors, for approximately Rs 357.66 crore via open market transactions. The sale represents 20.5 lakh shares at Rs 831.97 per share and 22.48 lakh shares at Rs 832.36 per share.

Sundram Fasteners shares declined 1.3% to close at Rs 835.9 on the National Stock Exchange (NSE), amidst high trading volumes. This marks the sixth consecutive day of pressure on the stock.

HDFC Mutual Fund held a 7.62% stake in Sundram Fasteners as of December 2025, through its HDFC NIFTY500 Multicap 50:25:25 Index Fund.

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