The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
CARTRADE · price
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Awaiting price reaction for this filing.
Mirae Asset Mutual Fund sold 2,58,322 shares (0.54%) of CarTrade Tech Ltd on June 12, 2025 through open market transactions. Prior to the sale, the fund held 23,54,847 shares (4.96%), which has now come down to 20,96,525 shares (4.42%). The disclosure was filed under SEBI SAST Regulation 29(2) on June 13, 2025. Mirae Asset is not a promoter of the company, so this is an institutional portfolio adjustment.
A modest reduction by a foreign mutual fund — the stake drop is small (54 basis points), suggesting routine rebalancing rather than a significant loss of confidence. Stock price may see minor short-term pressure but the impact is limited given the small size of the sale.