VST Industries Limited
SBI Mutual Fund decreased its stake in VST Industries from 2.13% to 1.44%, selling 1,177,093 shares. SBI Mutual Fund sold 4.47 lakh shares worth ₹21.68 crore at ₹485.35 apiece on September 6, 2024, in a bulk deal.
A manufacturer and trader of cigarettes and tobacco products, VST Industries operates across the entire tobacco value chain in India. The company produces a diverse portfolio of cigarette brands catering to various consumer segments and price points. VST Industries maintains a significant presence in India's organized tobacco sector through its established distribution network, manufacturing facilities, and strong brand portfolio developed over decades of operations.
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.