ASM Technologies Ltd
SBI Mutual Fund acquired 8,22,564 shares of ASM Technologies for ₹401 Cr at ₹4,875 apiece through a preferential allotment, crossing the 5% disclosure threshold to reach a 5.24% stake.
A software and consulting firm, ASM Technologies provides engineering services and product development solutions to clients across multiple industries. The company specializes in consulting, research and development, and technical services that support product innovation and engineering transformation. Its core offerings span software development, engineering consulting, custom product development, and specialized technical services for global enterprises seeking technology-driven solutions.
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.