SBI Mutual Fund decreased its stake in Ganesha Ecosphere Limited from 8.79% to 5.88% by selling 780,571 shares. The value of the shares sold was approximately ₹83.19 crore, at an average price of ₹1065.90 per share.
A leading PET waste recycling company in India, Ganesha Ecosphere manufactures recycled polyester staple fibre, spun yarn, and dyed texturised yarn from plastic waste. The company converts discarded materials into high-quality textile products for industrial applications across various sectors. Its vertically integrated approach to sustainable recycling and commitment to circular economy practices distinguishes it within India's textile manufacturing landscape.
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.