The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for FMR LLC & FIL Ltd
DECCANCE · price
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Fidelity (FMR LLC and FIL Ltd), a foreign institutional investor and not a promoter, has disclosed an increase in its holding in Deccan Cements Ltd under SEBI Takeover Regulations. Fidelity acquired 284,663 shares (2.03%) through open market purchases between 22 Nov 2023 and 11 Nov 2025. Its holding rose from 705,239 shares (5.035%) to 989,902 shares (7.07%) of the company's equity. The shares are held across two Fidelity funds — Emerging Markets Discovery Fund (4.95%) and Emerging Markets Value Advance Equity Mother Fund (2.12%).
This is a steady, multi-year accumulation by a reputed global fund manager, indicating continued institutional confidence in Deccan Cements. The FII holding is now closer to the 10% SAST disclosure trigger threshold, which investors should monitor for further buying or any subsequent disclosure requirements.