Grindwell Norton Limited
SBI Mutual Fund increased its stake in Grindwell Norton from 9.29% to 9.31%, acquiring 19,218 shares. The value of the additional shares is approximately ₹3.91 crore, based on a share price of ₹2034.30.
A diversified manufacturer, Grindwell Norton produces abrasives, ceramics, and plastics for industrial applications across India and international markets. The company supplies grinding wheels, bonded abrasives, and ceramic products to manufacturing, construction, and automotive sectors. Beyond manufacturing, it provides IT services, establishing itself as a vertically integrated player spanning production, materials science, and technology domains.
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.