Relaxo Footwears Limited
SBI Mutual Fund trimmed its stake in Relaxo Footwears from 9.39% to 9.33%, selling 1,29,868 shares worth ₹5.71 crore at ₹439.95 apiece.
India's largest non-leather footwear manufacturer, Relaxo produces rubber, EVA, and canvas footwear across multiple categories including slippers, sports shoes, sandals, and school shoes. The company holds a commanding position in the value segment footwear market through its diverse portfolio of established brands such as Relaxo, Sparx, Flite, and Bahamas. It distributes products through an extensive network of retailers, exclusive outlets, export channels, and e-commerce platforms.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.