Neogen Chemicals Limited
SBI Mutual Fund cut its stake in Neogen Chemicals from 8.53% to 4.16%, selling 10,87,131 shares and dropping below the 5% regulatory disclosure threshold.
A manufacturer of bromine and lithium-based organic and organo-metallic compounds, Neogen Chemicals serves the pharmaceutical, agricultural chemicals, and engineering industries. Incorporated in 1991, the company specializes in producing specialized chemical intermediates and active pharmaceutical ingredients through vertically integrated manufacturing operations. Its diversified product portfolio addresses multiple industrial applications across pharmaceutical formulations, crop protection solutions, and specialized engineering chemical requirements.
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.