Alicon Castalloy Limited
SBI Mutual Fund decreased its stake in Alicon Castalloy Limited from 3.06% to 2.19% by selling 1,40,000 shares for ₹8.93 Cr at ₹637.65 apiece.
A manufacturer of aluminium castings serving the automotive industry, producing cylinder heads, support brackets, intake manifolds, crankshafts, and engine brackets for global automakers. The company operates manufacturing facilities across eighteen countries and is part of the Alicon Group. It was established as a joint venture between Pegasus Castalloy and Enkei Corporation, one of the world's largest alloy wheel manufacturers.
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.