Rallis India Share Price Rise 4.05%; SBI Mutual Fund Boosts Stake in Rallis India to 9.17%

Written by: Nikitha DeviUpdated on: 7 Feb 2025, 8:59 pm IST

SBI Mutual Fund increased its stake in Rallis India to 9.17% as of Jan 31, 2025, after buying 1.49 million shares. Rallis India's share price rose 4.05% today.

Rallis India Share Price Rise 4.05%; SBI Mutual Fund Boosts Stake in Rallis India to 9.17%

On February 4, 2025, Rallis India informed the exchanges that SBI Mutual Fund has increased its shareholding in their company under its various schemes. This marks a rise of 2% from its previous disclosure made as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As of December 31, 2024, SBI Mutual Fund’s holding stood at 7.0577% of Rallis India’s paid-up share capital.

Recently, SBI Mutual Fund purchased 1,492,759 additional shares, representing 0.7676% of Rallis India’s paid-up share capital. Following this acquisition, the total shareholding of SBI Mutual Fund across its schemes has reached 17,826,452 shares, which is equivalent to 9.1667% of Rallis India’s paid-up share capital as of January 31, 2025.

On February 5, 2025, Rallis India share price opened at ₹238.01, up from its previous close of ₹236.65. At 10:16 AM, the share price of Rallis India was trading at ₹246.24, up by 4.05% on the NSE.

About Rallis India Ltd

Rallis India, a Tata Group company with a legacy spanning over 150 years, specialises in manufacturing agrochemicals. The company operates across the entire agriculture input value chain, offering products ranging from seeds to organic plant growth nutrients. Additionally, Rallis engages in contract manufacturing for global corporations.

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Published on: Feb 5, 2025, 10:24 AM IST

Nikitha Devi

Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.

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