The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nomura Asset Management Co. Ltd
AZAD · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.2 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nomura Asset Management Co. Ltd., acting through nine funds, acquired 100,000 shares (0.155%) of Azad Engineering Ltd in the open market on 13 June 2025. This took their total holding from 3,213,396 shares (4.976%) to 3,313,396 shares (5.131%), crossing the 5% disclosure threshold. The disclosure was filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011 on 16 June 2025. Nomura is not a promoter of the company — they are a foreign institutional investor. The acquisition was a small incremental purchase, not a bulk deal.
A foreign institutional investor marginally increasing its stake is mildly positive for sentiment, but the size of the purchase is small and unlikely to move the stock price. The crossing of the 5% threshold means further Nomura purchases above 2% would trigger additional disclosure obligations, which may cap aggressive accumulation.