Steel Authority of India Limited
Mirae Asset Mutual Fund has dropped off the latest shareholder list for Steel Authority of India Limited, having either cleared out its previous 2.45 percent stake entirely or trimmed it below the 1 percent regulatory reporting threshold.
One of India's largest steel manufacturers and a Maharatna Central Public Sector Enterprise, SAIL operates five integrated steel plants and three special steel plants across eastern and central India. The company produces a broad range of steel products for diverse industrial applications, strategically positioned near domestic sources of raw materials to optimize production efficiency and supply chain management. SAIL remains a key player in India's steel sector.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.