SBI Mutual Fund Reduces Stake in Star Cement to 2.58% Following Share Sale
SBI Mutual Fund has reduced its shareholding in Star Cement Ltd from 3.59% to 2.58% by selling 40,83,331 shares on February 17, 2026. The transaction, disclosed under SEBI regulations, represents a 1.01% reduction in the mutual fund's stake. Following the sale, SBI Mutual Fund holds 1,04,32,466 shares in the cement company, which has a total equity capital of Rs. 40,41,80,417 comprising shares with Rs. 1 face value each.
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Star Cement has received a regulatory disclosure from SBI Mutual Fund regarding a significant reduction in its shareholding. The mutual fund sold 40,83,331 shares on February 17, 2026, reducing its stake from 3.59% to 2.58% of the company's paid-up share capital.
Shareholding Transaction Details
The transaction represents a substantial divestment by SBI Mutual Fund under its various schemes. The fund management company disclosed this information in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
| Parameter | Before Transaction | Shares Sold | After Transaction |
|---|---|---|---|
| Number of Shares | 1,45,15,797 | 40,83,331 | 1,04,32,466 |
| Percentage Holding | 3.59% | 1.01% | 2.58% |
Regulatory Compliance
The disclosure was made under Regulation 29(2) of SEBI regulations, which mandates reporting when there is a change of 2% or more in shareholding from the previous disclosure. SBI Mutual Fund's previous disclosure was made on September 21, 2018, when it reported a holding of 5.43% in Star Cement.
Company Share Capital Structure
Star Cement's equity share capital remains unchanged at Rs. 40,41,80,417, consisting of 40,41,80,417 equity shares with a face value of Rs. 1 each. The company's shares are listed on both BSE Ltd and National Stock Exchange of India Ltd.
Transaction Method and Timeline
The share sale was executed through market transactions on February 17, 2026. SBI Funds Management Limited, through its Chief Compliance Officer Vinaya Datar, formally communicated this shareholding change to Star Cement's management on February 18, 2026.
The disclosure indicates SBI Mutual Fund's strategic portfolio rebalancing, reducing its exposure in the cement manufacturer while maintaining a significant minority stake of 2.58% in the company.
Historical Stock Returns for Star Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.17% | -2.49% | -0.33% | -27.11% | -1.39% | +119.74% |
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