The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
BATAINDIA · price
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Awaiting price reaction for this filing.
Mirae Asset Mutual Fund has increased its holding in Bata India from 6.86% (88.16 lakh shares) to 7.50% (96.33 lakh shares) by acquiring 8.16 lakh shares on September 4, 2025 via the open market. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, and the acquirer does not belong to the promoter/promoter group. The total equity share capital of Bata India stood at 12.85 crore shares, unchanged by this transaction.
Continued buying by a large institutional investor like Mirae Asset MF signals confidence in Bata India's prospects. The increased institutional stake may provide modest support to the stock, though the acquisition is small at 0.64% and not a takeover threat.