Institutional investors pick up sizeable Belrise Industries stake via block deals

SBI Mutual Fund and BlackRock have jointly acquired a 6.56% stake in Belrise Industries for about ₹897 crore through open market block deals, signalling strong institutional interest in the automotive systems manufacturer. The shares were sold by promoter group entity Sumedh Tools Pvt Ltd as part of a stake rationalisation exercise, with no change in management control. SBI Mutual Fund emerged as the larger buyer, purchasing a 5.76% stake, while BlackRock acquired 0.79% through its emerging markets fund.