Savita Oil Technologies Limited
SBI Mutual Fund reduced its stake in Savita Oil Technologies from 6.63% to 6.23% by selling 2,78,467 shares, following a rights issue.
A specialty petroleum products manufacturer established in 1961, Savita Oil Technologies produces transformer oils, white oils, and advanced lubricants for industrial applications. The company operates integrated manufacturing facilities and serves diverse sectors including power generation, electrical equipment, telecommunications, and automotive industries. Its focus on specialty formulations, technical expertise, and consistent product quality distinguishes it in India's competitive lubricants market.
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.