New Delhi, Sept. 12 -- SBI Mutual Fund has increased its stake in Sundram Fasteners Limited (SFL) to 7.5534 percent. As per the exchange filing, the mutual fund, through its various schemes, purchased 10,814 shares representing 0.0051 percent of the company's paid-up share capital. Following this acquisition, the total number of shares held by SBI Mutual Fund increased to 1,58,71,914 shares.

Prior to this purchase, the mutual fund held 1,58,61,100 shares, representing 7.548 percent of Sundram's equity.

The purchase comes amid renewed investor interest in high-growth technology and electronics companies, even as Dixon navigates a challenging regulatory and competitive landscape.

Sundram Fasteners, the Chennai-based auto components manuf...