The shares were bought by four investors — SBI Mutual Fund, Bandhan Mutual Fund, Nippon India Mutual Fund and Clarus Capital 1 — with SBI Mutual Fund accounting for the bulk of the transaction.
According to the NSE block deal data, SBI Mutual Fund bought 1,66,66,667 shares, or around 8.07% of RHI Magnesita India’s equity, at Rs 360 per share. Bandhan Mutual Fund purchased 27,77,777 shares, equivalent to around 1.4%, while Nippon India Mutual Fund acquired 24,96,780 shares, or around 1.2%. Clarus Capital 1 bought 10,00,000 shares, representing around 0.5% of the equity.
On the sell side, Dalmia Bharat Refractories sold 2,29,41,224 shares at Rs 360 apiece, according to NSE data.
Dalmia Bharat Refractories held 2,59,00,000 shares, or 12.54%, in RHI Magnesita India, based on the shareholding details provided. The shares sold in Tuesday’s transaction therefore represented a substantial portion of its holding.
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RHI Magnesita shares rise 3%
RHI Magnesita India shares finished Tuesday’s trading session at Rs 379.20, up 3.04% from the previous close of Rs 368, according to the price details provided. The counter traded in a range of Rs 372.20-Rs 397.85 on the NSE during the session. The block deal was executed at Rs 360 per share, according to the NSE data.ALSO READ: Sebi sees potential for Rs 2 lakh crore IPO fundraising as fresh capital gains prominence
The company’s shares have a 52-week range of Rs 508-Rs 323.40 on the BSE. RHI Magnesita India had a market capitalisation of Rs 7,835.70 crore on the BSE as of September 22, 2026, according to the details provided.
SBI MF accounts for majority of purchases
The transaction saw the entire 2.29 crore shares sold by Dalmia Bharat Refractories being acquired by the four buyers.
Of the total shares, SBI Mutual Fund acquired 1.67 crore shares, making it the largest buyer in the transaction. Bandhan Mutual Fund, Nippon India Mutual Fund and Clarus Capital 1 acquired the remaining shares.
At Rs 360 per share, the respective transaction values were approximately Rs 600 crore for SBI MF, Rs 100 crore for Bandhan MF, Rs 90 crore for Nippon India MF and Rs 36 crore for Clarus Capital 1.
About RHI Magnesita India
RHI Magnesita India Limited is a supplier of high-grade refractory products, systems and solutions used in industrial high-temperature processes exceeding 1,200°C. Its products cater to industries including steel, cement, non-ferrous metals and glass. The company’s portfolio includes magnesia- and alumina-based bricks and mixes, along with specialty refractory products such as isostatic products and slide gates.
Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here