Thermax Limited
SBI Mutual Fund trimmed its stake in Thermax Limited from 6.03% to 5.15% by selling 10,45,333 shares.
A provider of equipment and solutions for the energy, environment, and chemical sectors, Thermax manufactures boilers, heaters, absorption chillers, power plants, solar equipment, and air pollution control systems. The company also produces water and waste recycling plants, ion exchange resins, and performance chemicals alongside related services and technical support. It serves industrial clients across India and international markets.
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.