Dalmia Bharat Limited
SBI Mutual Fund decreased its stake in Dalmia Bharat Limited from 2.80% to 2.15%, selling 12,12,476 shares, in a transaction associated with a rights issue.
A major cement manufacturer in India, Dalmia Bharat produces and sells cement for construction and infrastructure applications across the country. Founded in 1939, the company operates multiple manufacturing facilities and ranks among India's leading cement producers by installed capacity. The company serves diverse customer segments including construction, infrastructure, and industrial sectors through its vertically integrated operations 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.