SBI Mutual Fund acquired a 3% stake or 20.73 lakh shares in Savita Oil Technologies in the block deal.

Economy Business

SBI Mutual Fund acquired a 3% stake or 20.73 lakh shares in Savita Oil Technologies in the block deal. Before this recent transaction, the promoters of Savita Oil Technologies held a 71.92% stake in the company, based on the December shareholding pattern. Among public shareholders, HDFC Mutual Fund is the sole entity holding a 7.4% stake in the company. Savita Oil Technologies operates as a prominent manufacturer and distributor of greases, transformer oils, industrial oils, and petroleum products.


      Currently, shares of Savita Oil Technologies are trading 8% higher at ₹444.9.

     

     

 

     


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