SBI Mutual Fund books partial profit in THIS cigarette manufacturer; small-cap stock down 25% YTD

VST Industries Share Price Today: SBI Mutual Fund (MF) said on March 12 that it has decreased its shareholding in VST Industries by two per cent after offloading over 65,000 shares of the leading cigarette manufacturer. The small-cap stock settled higher today despite a 25 per cent price rout year-to-date (YTD).

“We wish to inform that there has been a change in the shareholding of SBI Mutual Fund under its various schemes, in the company decreasing by two per cent from the previous disclosure made by us under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, vide our letter dated December 21, 2023, wherein the reported holding was 5.7029 per cent of the paid-up share capital,” said SBI MF in a regulatory filing to the NSE.