The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
ASIANPAINT · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, under its various schemes, acquired 3.50 crore shares of Asian Paints on June 12, 2025, through market purchase. This lifted its holding from 1.7055% (1.64 crore shares) to 5.3545% (5.14 crore shares) of the company's paid-up share capital. The acquisition triggered the 5% disclosure threshold under SEBI's SAST Regulation 29(1), prompting this filing with the exchanges. The acquirer is not part of the promoter/promoter group of Asian Paints.
This is a significant institutional buyer (mutual fund) increasing its stake above the 5% regulatory threshold, which generally signals institutional confidence in the stock. Shareholders should note a major fund house has built a sizeable position, which may provide some support to the stock, though retail investors should monitor for further disclosures if holdings approach the 10% mark.