Stories
RHI Magnesita Sees ₹826 Crore Block Deal; Dalmia Bharat Refractories Sells 11.11% Stake.
C
CNBC Awaaz•22-09-2026, 19:57
RHI Magnesita Sees ₹826 Crore Block Deal; Dalmia Bharat Refractories Sells 11.11% Stake.
- •A major block deal worth ₹826 crore occurred in RHI Magnesita, with Dalmia Bharat Refractories selling an 11.11% stake.
- •SBI Mutual Fund acquired 1.7 crore shares (8.07% stake) of RHI Magnesita for ₹600 crore.
- •Bandhan Mutual Fund, Nippon India Mutual Fund, and Clarus Capital also purchased shares in this block deal.
- •The deal was executed on the NSE at an average price of ₹360 per share.
- •RHI Magnesita India's share closed at ₹379.45 on September 22, 2026, marking a 3% increase.
Key Questions Answered
Dalmia Bharat Refractories sold 2.29 crore shares, representing an 11.11% stake in RHI Magnesita, for a total value of around ₹826 crore. The block deal was executed on the NSE at an average price of ₹360 per share.
SBI Mutual Fund bought 1.7 crore shares (8.07% stake) for ₹600 crore, Bandhan Mutual Fund bought 27.8 lakh shares (1.4% stake) for ₹100 crore, and Nippon India Mutual Fund bought 24.97 lakh shares (1.2% stake) for ₹90 crore. Additionally, Clarus Capital purchased 10 lakh shares (0.5% stake) for ₹36 crore.
RHI Magnesita India's share closed at ₹379.45 on September 22, 2026, marking a 3% increase (₹11.05) from its previous closing price of ₹368.40. During trading, the stock reached a high of ₹398.15 and a low of ₹372.30.
