Shareholding24 Sept 2026, 10:22 pm
SBI Mutual Fund Acquires 8.09% Stake in Rhi Magnesita India
AI Summary
SBI Mutual Fund, through its various schemes, has acquired a significant stake in Rhi Magnesita India Ltd. The acquisition, which took place on September 22, 2026, resulted in the fund holding 16,718,871 shares, representing 8.0962% of the company's paid-up share capital. This disclosure is made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The initial acquisition involved 16,666,667 shares, crossing the 5% threshold, triggering the mandatory disclosure.
Key Highlights
- SBI Mutual Fund acquired over 5% stake in Rhi Magnesita India.
- Total holding now stands at 8.0962% of paid-up share capital.
- Acquisition occurred on September 22, 2026.
- Disclosure made under SEBI Takeover Regulations.
- Fund holds 16,718,871 shares post-acquisition.
Price Impact
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