The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund
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Bandhan Mutual Fund, through its Bandhan Small Cap Fund scheme, bought 3,64,365 equity shares (0.7944%) of Arvind SmartSpaces on February 24, 2026 via the open market. This raised its total holding in the company from 4.4438% to 5.2382% of the paid-up capital, crossing the 5% disclosure threshold under SEBI's takeover regulations. The acquisition was made as an institutional investor, not as part of the promoter group. The equity share capital of the company remained unchanged at 4,58,66,979 shares.
Crossing the 5% mark by a mutual fund signals continued institutional confidence in the stock. For shareholders, this is a mild positive as a reputed fund is increasing its exposure, though it does not trigger any takeover open offer obligation for non-promoter acquisitions in this range.