Nuvoco Vistas Corporation Limited
SBI Mutual Fund decreased its stake in Nuvoco Vistas Corporation Limited from 7.38% to 6.48%, selling 32,01,766 shares worth approximately ₹111.6 Cr at ₹348.75 apiece.
One of India's largest cement and concrete manufacturers, Nuvoco Vistas produces cement, ready-mix concrete, and modern building materials including adhesives, wall putty, dry plaster, and cover blocks. The company operates integrated production facilities across multiple regions in India and serves infrastructure, construction, and residential sectors. Its diversified product portfolio and vertically integrated operations across the value chain distinguish it in the building materials industry.
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.