The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
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Awaiting price reaction for this filing.
SBI Mutual Fund sold 52.81 lakh shares (0.71% of paid-up capital) of City Union Bank on November 25, 2025 through an open market transaction. Post-sale, SBI MF's holding has come down to 4.27 crore shares, or 5.76% of the bank's paid-up share capital, from 4.80 crore shares (6.47%) earlier. This is a continuation of an ongoing reduction — since their previous disclosure in July 2024 (8.18%), the fund has cumulatively trimmed its stake by over 2.4 percentage points. SBI MF is not part of the promoter group; this is purely a passive institutional portfolio adjustment.
Continued unwinding by a large institutional holder may signal waning institutional conviction and could pressure the stock in the near term. However, mutual fund portfolio rebalancing is routine, so investors should look at the broader institutional holding trend rather than react to a single transaction.