Reliance Industries Limited
SBI Mutual Fund trimmed its stake in Reliance Industries from 2.62% to 2.54%. The fund house sold 99,22,666 shares for approximately ₹1,192.70 crore at ₹1,202.00 apiece.
India's largest petrochemicals and refining company, Reliance Industries operates vertically integrated facilities across crude oil refining, petrochemicals production, and downstream marketing. The conglomerate also maintains significant operations in telecommunications, retail, and renewable energy sectors. Founded by Dhirubhai Ambani, the company remains family-promoted with the Ambani family holding substantial shareholding and active management involvement.
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.