Havells India Limited
SBI Mutual Fund entered Havells India Limited, acquiring a new 1.19% stake comprising 74,50,417 shares.
A leading Fast Moving Electrical Goods manufacturer, Havells India produces a comprehensive range of circuit protection devices, cables, wires, motors, fans, modular switches, and home appliances including air conditioners and water heaters. The company serves domestic, commercial, and industrial markets with power distribution equipment and luminaires, maintaining strong global presence and market dominance across its diverse product portfolio.
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.