ACC Limited
SBI Mutual Fund reduced its stake in ACC Limited from 1.94% to 1.68% by selling 505,958 shares. The value of the sold shares was approximately ₹69.7 Cr, based on ACC's share price of ₹1377.70.
A leading cement manufacturer in India, ACC produces cement and ready-mix concrete for domestic construction and infrastructure markets. Established in 1936 and part of the Adani Group, the company operates multiple manufacturing facilities across the country. ACC serves builders, contractors, and infrastructure developers through its vertically integrated production capabilities and distribution network.
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.