Dalmia Bharat Refractories Sells 11.1% Stake in RHI Magnesita to Clarus Capital, Bandhan MF, SBI MF, Nippon India

5paisa Capital Ltd - 0 min read

Last Updated: 23rd September 2026 - 12:03 pm

Dalmia Bharat Refractories divested its 11.1% stake in RHI Magnesita India via open market dealings on September 22, selling off 2.29 crore shares worth ₹825.88 crore. 

The stake was sold at ₹360 per share and SBI Mutual Fund was the largest recipient of the shares in the deal. 

The transaction of the stake came amid the 12.54% stake in RHI Magnesita India held by Dalmia Bharat Refractories as of June 2026. 

SBI Mutual Fund bought 1.67 crore shares, amounting to 8.07% stake in the company at a cost of ₹600 crore. Bandhan Mutual Fund bought another 27.78 lakh shares, amounting to 1.34% of the company’s stake for around ₹100 crore. 

Nippon India Mutual Fund bought 24.96 lakh shares, or a 1.2% stake in RHI Magnesita for ₹89.88 crore and Clarus Capital 1 bought 10 lakh shares for ₹36 crore. 

The block of shares was hence bought by four institutional investors at the same transaction price of ₹360 per share. 

The shares of RHI Magnesita India closed the session up 3.04% to ₹379.20 despite profit taking following the gains seen during the session. 

The September 22 transaction materially reduces Dalmia Bharat Refractories’ holding in RHI Magnesita India, while bringing in larger positions for SBI Mutual Fund, Bandhan Mutual Fund, Nippon India Mutual Fund and Clarus Capital. 

The report does not disclose the reasons behind Dalmia Bharat Refractories’ decision to sell the stake, nor does it provide any statement from the seller or buyers on future ownership plans. 

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