SBI Mutual Fund decreased its stake in Finolex Industries from 6.08% to 5.97%, selling 6.82 lakh shares.
A leading manufacturer of PVC resin and India's largest producer of PVC pipes and fittings, Finolex Industries serves the agriculture, construction, and industrial sectors with superior quality products. The company operates through two core divisions: PVC resin production and PVC pipes and fittings manufacturing. Its durable PVC-U pipes and fittings are engineered to meet demanding operational requirements across diverse applications and infrastructure projects.
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.
