The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
BALKRISIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HDFC Mutual Fund schemes have increased their aggregate holding in Balkrishna Industries Ltd by 2.005% through open market purchases as of March 16, 2026. The holding rose from 7.156% (1,38,34,445 shares) to 9.161% (1,77,10,650 shares), an addition of 38,76,205 shares. This disclosure is filed under SEBI Regulation 29(2), which requires reporting when an acquirer's stake crosses every 2% change. The acquirer is not part of the promoter/promoter group. Balkrishna Industries is a major tyre manufacturer, and the buying happened across multiple HDFC MF schemes including index funds, large and mid cap funds, and sectoral/thematic funds.
Strong institutional buying by one of India's largest mutual funds signals continued confidence in Balkrishna Industries. With holdings at 9.161%, HDFC MF is now close to the 10% disclosure threshold under SEBI takeover rules, making it a significant institutional shareholder. Such sustained accumulation by large domestic funds is generally viewed positively by the market and may provide price support.