SBI Infrastruture Fund Series I has bought 5,65,862 shares of Sagar Cements at Rs 350 on the BSE and Magnum Multicap Fund has bought 2,00,000 shares at Rs 350. However, Magnum Sector Funds Umbrella EBF has sold 7,65,862 shares at Rs 350.
Sagar Cements is one of the most modern mini cement plants in the state of Andhra Pradesh. The plant is based on Dry Process Rotary Kiln Technology that is used in ‘Standard Quality' cement companies.