Dalmia Bharat Refractories has completed the sale of its entire 13.08% stake in RHI Magnesita India. The divestment of over 2.7 crore shares was executed through open market transactions on the BSE and NSE between May and September 2026, leaving Dalmia Bharat with zero equity holding in the company.
Dalmia Bharat Refractories Fully Divests Stake in RHI Magnesita India
Dalmia Bharat Refractories Limited has sold its entire 13.08% stake, totaling 2,70,20,000 shares.
Reader Takeaway: A major shareholder has completely exited via the open market; ownership structure is now fully liquidated.
What just happened
Dalmia Bharat Refractories Limited (DBRL) has officially confirmed the divestment of its entire equity holding in RHI Magnesita India Limited. The transaction, involving 13.08% of the target company's total equity, was conducted through multiple open market trades on the BSE and the National Stock Exchange.
Why this matters
The complete liquidation of a 13.08% stake represents a significant change in the shareholder base of RHI Magnesita India. As these shares were sold into the open market over a four-month period (May 21, 2026, to September 22, 2026), the transaction is now considered concluded, removing the potential for further overhang from this specific seller.
Shareholding Impact
Prior to this series of transactions, DBRL held 2,70,20,000 shares. Following the completion of the sale, the company now holds nil shares. The total equity capital of RHI Magnesita India remains stable at 20,65,01,426 shares with a face value of Rs 10 each.
What to track next
Investors should look for official filings regarding any major changes in the shareholding pattern or potential new institutional entrants who may have absorbed this large volume of stock. The stability of the share price following this sustained selling pressure is a key metric for retail shareholders to monitor.