The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

CARBORUNIV · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.8%1-day move

₹1078.00

prior close

₹1069.90

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.6-0.1+0.1+0.2-1.8-2.2-2.1-3.8-3.6-4.4-7.2+13.9-0.1—

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AI summary

Nippon India Mutual Fund (through Nippon Life India Trustee Limited) has increased its holding in Carborundum Universal Limited from 4.95% to 5.16% by acquiring 4,00,110 shares (0.21%) in the open market. The acquisition took place between December 27, 2013 and May 15, 2026. After the purchase, Nippon India Mutual Fund holds 98,23,287 shares representing 5.16% of the company's total equity capital of Rs 19.05 crore shares. The acquirer has confirmed it does not belong to the Promoter/Promoter group of the company.

Likely market impact

This filing shows a mutual fund gradually building its stake in Carborundum Universal, crossing the 5% regulatory threshold. While not near the 25% trigger for open offer obligations, crossing the 5% mark is a notable disclosure event as institutional investors continue accumulating shares.