The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund

Fii Holding DeclinedOwnership Changes View source PDF Explain this filing

DELHIVERY · price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹412.00

prior close

₹409.65

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-1.2% vs market

Logistics Solution Provider peers, median of 43sector-0.6%-0.5% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 0.5 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.1-1.2-0.6-0.5

Next day

-1.0-0.1-0.8-0.8-0.1

-1.5-0.7-0.9-2.4+0.8

-2.5-0.9-1.7-2.6+0.0

-2.2+0.3-2.5-1.1-1.1

-2.9+0.2-3.0-1.4-1.5

-0.1+1.3-1.4-1.3+1.2

15d

-2.7-2.6-0.1-6.4+3.7

-3.1-7.8+4.7-10.9+7.8

+6.5-4.2+10.7-9.9+16.4

+1.7-12.4+14.1-20.7+22.4

UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 43Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SBI Mutual Fund, acting through its various schemes, sold 18,18,819 shares (0.2431% of paid-up capital) of Delhivery on December 22, 2025 via a market sale. This brings its total holding down from 5.9342% to 5.6911%, involving 4,25,74,686 shares. The disclosure is filed under SEBI's takeover regulations because SBI MF's stake has cumulatively fallen by over 2% since its previous disclosure in April 2023, when it held 7.9117%. SBI MF is not part of the promoter group and continues to remain a significant institutional investor in Delhivery, though below the 10% FII threshold.

Likely market impact

A gradual reduction by a large institutional investor like SBI Mutual Fund may be seen as a mild negative signal by some retail investors, but the sale size is small (0.24% in one day) and the overall decline has been spread over nearly two and a half years, suggesting steady portfolio rebalancing rather than a sudden loss of confidence.