SBI Mutual Fund has reduced its ownership in Rallis India, selling 210,237 equity shares in a market transaction on 17 July 2026.
The sale, representing 0.1081% of the company’s paid-up capital, brings the fund’s total stake down from 9.1667% to 7.1241%.
Rallis India reported a 31% year-on-year increase in first-quarter net profit, reaching ₹125 crore for the period ending June 2026.
The divestment follows a strong quarterly performance from the agrochemical manufacturer.
Rallis India reported a 31% year-on-year increase in first-quarter net profit, reaching ₹125 crore for the period ending June 2026.
EBITDA also expanded by 23% to ₹184 crore, driven by improved revenue and operational performance.
The move by SBI Mutual Fund appears to be a partial profit-taking exercise after the positive earnings release.