The India Cements Limited
SBI Mutual Fund decreased its stake in The India Cements Limited from 1.94% to 1.15%, selling 2,435,267 shares. The value of the remaining stake is approximately ₹146.22 crore at ₹410.30 apiece.
A leading cement manufacturer headquartered in Chennai, India Cements produces cement as its core business while maintaining operations in complementary sectors including shipping, captive power generation, and coal mining. These vertical operations provide purposeful synergy to support the primary cement manufacturing activities. Established in 1946, the company also serves as a sponsor of the IPL cricket franchise Chennai Super Kings.
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.