Andhra Paper Limited
SBI Mutual Fund increased its stake in Andhra Paper Limited from 1.81% to 2.60%, buying 15,63,424 shares for ₹9.5 Cr at ₹60.77 apiece.
Engaged in the manufacture and sale of paper, pulp, and paperboard, Andhra Paper operates across the basic materials sector in India. The company produces a comprehensive range of paper products for diverse applications including packaging, printing, writing, and industrial use. Its vertically integrated operations span pulp production through finished paper goods, positioning it as a significant player in India's paper manufacturing 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.