RHI Magnesita India Limited
SBI Mutual Fund purchased 1.67 crore shares of RHI Magnesita India for ₹600.00 Cr through a block deal at ₹360.00 apiece.
A manufacturer of special refractory products, systems and services for the steel industry in India and globally. The company produces high-quality refractories designed for steelmaking processes and serves major steel producers across domestic and international markets. It holds a leading position in India's special refractories segment and is known for delivering products that meet international quality standards.
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.