Nestle India Limited
SBI Mutual Fund entered Nestle India with 1,99,94,162 shares, acquiring a 1.04% stake in the company.
A leading packaged food company operating as the Indian subsidiary of Swiss multinational Nestle, the company manufactures and distributes a diverse range of food and beverage products across Indian households and institutions. Its core business spans nutritional products, culinary solutions, and confectionery items tailored for Indian consumers. The company distinguishes itself through combining global expertise with deep local market understanding and maintaining an extensive distribution network throughout the country.
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.