Schaeffler India Limited
SBI Mutual Fund decreased its stake in Schaeffler India from 2.37% to 2.20%, selling 256,930 shares. The transaction value is approximately ₹106.18 crore, based on the last closing price of ₹4134.70 per share.
A leading manufacturer of high-precision bearings and automotive components, Schaeffler India develops and distributes roller bearings, ball bearings, engine systems, transmission components, and clutch systems for the automotive and industrial sectors. The company operates as a vertically integrated manufacturer with in-house machine building capabilities and serves both domestic and global markets through its specialized engineering expertise and advanced manufacturing technologies.
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.