On December 23, SBI Mutual Fund and BlackRock purchased a combined 6.5% equity stake in Belrise Industries, the automotive components manufacturer, via open market transactions worth nearly Rs 897 crore.
Belrise shares rose 6.2%, closing at Rs 168.23, after hitting an intraday record high of Rs 179.90. Since its listing on May 28, the stock has nearly doubled from its issue price of Rs 90.
SBI Mutual Fund acquired 5.12 crore shares (5.8% of paid-up equity) for Rs 788.3 crore, while BlackRock’s Global Equity Income Portfolio picked up 70.5 lakh shares (0.79%) for Rs 108.37 crore at Rs 153.7 per share. The shares were sold by promoter entity Sumedh Tools, which offloaded its entire 6.5% stake. As of September 2025, promoters held 73.01% in Belrise Industries.
Other notable market moves included Restaurant Brands Asia, the national franchisee of Burger King in India and Indonesia, which rose 2.3% despite a 2.4% stake sale by Amansa Investments.
Infrastructure-focused Capital Infra Trust saw Pico Capital acquire 34.6 lakh units (1.25% of outstanding units) for Rs 25.27 crore, lifting the trust 0.41% to Rs 74.19.
In media stocks, TV Today Network rose 0.1% to Rs 134.5 following a 0.75% stake purchase by promoter Living Media India and a simultaneous 0.79% stake sale by HDFC Mutual Fund. Meanwhile, Bonanza Portfolio acquired 1.92 lakh shares in JD Cables at Rs 185.12 per share for Rs 3.55 crore.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should consult financial professionals before making investment decisions.
