The Economic Times News

Belrise Industries block deal: SBI MF, BlackRock buy promoter's 6.56% stake worth Rs 897 crore

SBI Mutual Fund and BlackRock bought nearly Rs 897 crore worth of Belrise Industries shares via a block deal, as promoter entity Sumedh Tools exited. The purchase lifted Belrise stock to a fresh 52-week high, reflecting strong institutional investor confidence.