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SBI Mutual Fund picks up a 5.8% stake in Belrise in a deal worth over ₹788 crore.
Bulk deal by SBI Mutual Fund: SBI Mutual Fund purchased 5.12 crore shares in Belrise Industries, amounting to a 5.8% stake for approximately ₹788.3 crore.
BlackRock also participates: BlackRock Global Investment Series Global Equity Income Portfolio acquired another 0.79% stake (~70.5 lakh shares) in Belrise for about ₹108.37 crore at ₹153.7 per share.
Seller: The shares were sold by promoter entity Sumedh Tools, which offloaded its entire 6.5% stake (over 5.83 crore shares) in the block deal worth a total of ₹896.7 crore.
Belrise share performance: After the deal, Belrise’s shares rallied around 6%, having nearly doubled from the IPO price since its May 2025 listing.
About Belrise Industries:
Belrise Industries Ltd is an Indian Tier-1 automotive components manufacturer that designs and produces engineered parts — including metal chassis systems, suspension and steering components, polymer parts, and other vehicle structures — for two-wheelers, three-wheelers, cars, commercial vehicles and agrimobiles. The company supplies a diversified set of OEMs in India and globally and has expanded its capabilities through strategic acquisitions. Belrise has established a significant manufacturing footprint across India and is publicly traded following its IPO, attracting interest from institutional investors.
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