The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
BAJEL · price
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Nippon India Mutual Fund, acting through Nippon Life India Trustee Limited, has disclosed the purchase of 1,63,074 shares (0.1411%) of Bajel Projects Limited through open market transactions carried out between September 14, 2023 and May 23, 2025. With this acquisition, the fund's total holding in Bajel Projects has risen from 56,91,500 shares (4.9233%) to 58,54,574 shares (5.0644%), crossing the 5% substantial acquisition threshold. The disclosure is filed under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The acquirer does not belong to the promoter or promoter group of the company. Bajel Projects has an equity share capital of Rs. 23.12 crore comprising 11.56 crore equity shares of Rs. 2 face value.
This signals continued institutional confidence in Bajel Projects, as a major mutual fund has steadily increased its stake and crossed the 5% disclosure mark. For shareholders, it indicates a sizeable fund house views the stock as a meaningful long-term bet, though the stake remains modest in absolute terms.