SBI Mutual Fund has reported a significant decrease in its shareholding in Star Cement Ltd. The fund sold 4,083,331 shares, representing 1.0103% of the paid-up capital, via a market sale on February 17, 2026. This transaction reduced the fund’s total holding to 2.5811%, down from the previously reported 5.4341% as per the 2018 disclosure. The sale was executed using the ‘Market Sale’ mode.
Disclosure of Shareholding Reduction
SBI Funds Management Limited, acting on behalf of SBI Mutual Fund under its various schemes, has officially disclosed a material change in its stake in Star Cement Ltd. This disclosure is made pursuant to the regulations concerning substantial acquisition of shares and takeovers.
The fund previously reported holding 5.4341% of Star Cement’s paid-up share capital in a letter dated September 21, 2018. The current change reflects a net decrease in holding by approximately 2%.
Details of Acquisition and Sale Transaction
The transaction detailed in the filing involves the sale of 4,083,331 shares by SBI Mutual Fund. This number equates to 1.0103% of the company’s total paid-up share capital.
The method of disposal utilized was a Market Sale. The specific date of the sale of these shares was February 17, 2026.
Resulting Shareholding Position
Following the disposal, the final holding of SBI Mutual Fund across all its schemes in Star Cement Ltd is 1,04,32,466 shares. This new holding represents 2.5811% of the paid-up share capital of Star Cement Ltd, as determined at the close of business hours on February 17, 2026.
Capital Structure Reference
The equity share capital of Star Cement Ltd before and after the transaction remains constant at Rs 404,180,417, consisting of 404,180,417 equity shares with a face value of Rs. 1/- each.
Compliance Filing Signatories
The disclosure document was formally executed by Vinaya Datar, Chief Compliance Officer & Company Secretary for SBI Funds Management Limited, and countersigned by the Chief Dealer and Chief Risk Officer.
Source: BSE
