JSW Steel Limited
SBI Mutual Fund bought 1 crore shares of JSW Steel Limited for ₹1260 crore at ₹1260 apiece in a block deal.
A leading iron and steel manufacturer in India, JSW Steel produces and sells a comprehensive range of steel products for construction, automotive, infrastructure, and industrial applications. The company operates as the flagship business of the JSW Group, a diversified conglomerate with significant interests in energy, infrastructure, cement, paints, and sports. JSW Steel serves both domestic and international export markets through its integrated manufacturing facilities and distribution network.
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.