SBI Mutual Fund decreased its stake in Ingersoll Rand (India) Limited from 2.79% to 2.68% by selling 35,594 shares. The value of the shares sold is approximately ₹16.27 crore, calculated based on the current share price of ₹4571.20.
A manufacturer of industrial air compressors and compressed air systems, Ingersoll Rand India serves diverse sectors including manufacturing, construction, mining, and food processing. The company provides comprehensive solutions encompassing equipment design, sales, installation, commissioning, and ongoing maintenance services. Its operations focus on delivering reliable pneumatic technology, technical expertise, and customer support to industrial clients across India and neighboring regions.
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.
