The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nomura India Investment Fund Mother Fund
AZAD · price
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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.3 pts less 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 India Investment Fund Mother Fund and three associated Nomura funds (Nomura Trust and Banking Co. Ltd as trustee, Nomura Asset Management Malaysia Sdn Bhd, and Nomura Funds Ireland - India Equity Fund) sold a combined 1,321,713 shares of Azad Engineering Ltd in a secondary market transaction. The sale was executed on 27 April 2026. Prior to the transaction, the Nomura group held 3,313,396 shares (5.13% of total equity capital of 64,581,743 shares). After the sale, their holding dropped to 1,991,683 shares (3.08%). This represents a reduction of approximately 2.05 percentage points in their stake.
Foreign institutional investors (Nomura group) have reduced their combined holding by roughly 40% of their prior position, which may signal reduced FII confidence to other market participants. At 3.08% holding, they are no longer near any regulatory threshold.