Shivalik Bimetal Controls Limited
SBI Mutual Fund decreased its stake in Shivalik Bimetal Controls Limited from 4.08% to 2.45% by selling 941,733 shares. This reduction occurred in the context of a rights issue.
A manufacturer of thermostatic bimetal and trimetal strips, Shivalik Bimetal Control produces specialized components, shunt resistors, and clad metals for diverse industrial applications. Incorporated in 1984, the company operates in the iron and steel products sector, serving customers across multiple industries with precision-engineered thermal and electrical solutions. Its focus remains on delivering high-quality specialized metal components and materials for demanding applications.
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.