The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
BEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nippon India Mutual Fund, through Nippon Life India Asset Management, has disclosed the sale of 5,13,812 shares (0.0070%) of Bharat Electronics Ltd in the open market, as per SEBI SAST Regulation 29(2). The transactions covered the period from March 13, 2020 to June 09, 2025. Before the sale, Nippon held 23,10,90,464 shares (3.1614%) and after the sale its holding stands at 23,05,76,652 shares (3.1544%). The mode of sale is open market and Nippon is not part of the promoter/promoter group of BEL.
The stake sold is negligible (0.007%) so the market impact is minimal. Nippon continues to hold over 3% of BEL, remaining a meaningful institutional investor in the defence PSU.