Garware Technical Fibres Limited
SBI Mutual Fund decreased its stake in Garware Technical Fibres from 2.78% to 2.10%, selling 7,08,869 shares worth ₹54.34 Cr at ₹765.50 apiece.
A leading technical textiles manufacturer, Garware Tech produces high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics for global markets. Established in 1976, the company serves the cordage and infrastructure sectors with specialized solutions tailored to diverse industrial applications. Its distinctive strength lies in vertically integrated manufacturing capabilities and deep technical expertise across polymer-based product lines.
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.