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Dalmia Bharat Refractories Sells 11.11% Stake in RHI Magnesita for ’826 Crore
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CNBC TV18•22-09-2026, 20:41
Dalmia Bharat Refractories Sells 11.11% Stake in RHI Magnesita for ’826 Crore
- •Dalmia Bharat Refractories sold an 11.11% stake in RHI Magnesita India for approximately ’826 crore through a block deal on the NSE.
- •The transaction involved the sale of 2.29 crore shares at an average price of ’360 per share.
- •SBI Mutual Fund acquired 1.7 crore shares (8.07% stake) for around ’600 crore.
- •Other buyers included Bandhan Mutual Fund, Nippon India Mutual Fund, and Clarus Capital.
- •Dalmia Bharat Refractories' holding in RHI Magnesita India will significantly reduce from its June 2026 stake of 12.5%.
Key Questions Answered
Dalmia Bharat Refractories sold an 11.11% stake in RHI Magnesita India, amounting to 2.29 crore shares, for approximately ₹826 crore on the National Stock Exchange.
SBI Mutual Fund acquired an 8.07% stake for about ₹600 crore, Bandhan Mutual Fund purchased a 1.4% stake for ₹100 crore, Nippon India Mutual Fund bought a 1.2% stake for ₹90 crore, and Clarus Capital acquired a 0.5% stake for nearly ₹36 crore.
The transactions for the block deal were executed at an average price of ₹360 per share on the National Stock Exchange.
