SBI Mutual Fund raises stake in Sona BLW to 7.47%; shares gain

With the latest stake increase, the final holding of SBI Mutual Fund under its various schemes, as at the close of business hours on September 10 was over 4.64 crore shares which is 7.47 percent.

Moneycontrol News

September 13, 2024 / 12:27 IST

SBI Mutual Fund raises stake in Sona BLW

26 Aug, 2025 12:21

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SBI Mutual Fund has raised stake in Sona BLW up to 7.47 percent, the company informed the exchanges. With the latest annocuement, the final holding of SBI Mutual Fund, under its various schemes, as at the close of business hours on September 10 was over 4.64 crore shares which is 7.47 percent of the paid-up share capital of the company.

The company in a regulatory filing, said "there has been a change in the shareholding of SBI Mutual Fund under its various schemes, in your company increasing by 2% from the previous disclosure."

"SBI Mutual Fund, under its various schemes has bought 94,31,926 shares representing 1.5182% of the paid-up share capital of your Company through Qualified Institutional Placement & Market Purchase on September 10, 2024," it added.

In the June quarter, Sona BLW reported a 26.7 percent year-on-year increase in net profit to Rs 142 crore, with revenue from operations rising 21.8 percent YoY to Rs 891 crore. The company’s EBITDA grew by 23.1 percent YoY to Rs 249 crore, with margins at 28 percent in Q1FY25.

So far this year, shares of Sona BLW surged over 14.99 percent, slightly outpacing benchmark Nifty 50's 14.79 percent surge.