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The Economic Times
The Economic Times
Business
Kumar Gaurav

RHI Magnesita block deal: Dalmia Bharat refractories divests 11.11% stake for Rs 826 crore; SBI MF, Bandhan MF among buyers

RHI Magnesita SBI MF SBI Mutual Fund NSE Bandhan Mutual Fund Kumar Gaurav Nippon India Mutual Fund SEBI

Dalmia Bharat Refractories on Tuesday divested 2,29,41,224 shares, representing 11.11% of the equity, in RHI Magnesita India in a block deal at Rs 360 per share, according to data available on the NSE. The transaction was valued at around Rs 826 crore.

The shares were bought by four investors — SBI Mutual Fund, Bandhan Mutual Fund, Nippon India Mutual Fund and Clarus Capital 1 — with SBI Mutual Fund accounting for the bulk of the transaction.

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