New Delhi, July 21 -- SBI Mutual Fund has reduced its stake in Rallis India after selling 2,10,237 equity shares, representing 0.1081% of the company's paid-up share capital, through a market transaction on 17 July 2026.

Following the sale, the mutual fund's shareholding in Rallis India declined from 9.1667% to 7.1241%, with its holding standing at 1,38,54,108 equity shares, according to the disclosure.

Rallis India Ltd reported a 31% year-on-year rise in net profit to Rs.125 crore for the quarter ended 30 June 2026, supported by higher revenue and improved operational performance.

The Tata Group company had posted a net profit of Rs.95 crore in the corresponding quarter last year. Total income increased to Rs.1,035 crore in the first ...