The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
DELTACORP · price
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Awaiting price reaction for this filing.
HDFC Mutual Fund has reduced its shareholding in Delta Corp Limited by 2.02% through an open market sale on May 23, 2025. The mutual fund sold 54,11,222 shares, bringing its aggregate holding down from 9.21% (2,46,33,590 shares) to 7.18% (1,92,22,368 shares) of the company's paid-up equity share capital. This disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. HDFC Mutual Fund is not part of the promoter/promoter group, making this a non-promoter institutional investor transaction.
A sizeable institutional investor cutting its stake by over 2% through open market sales is generally viewed as a negative signal and could put short-term pressure on the stock price. Retail investors should note the reduced institutional confidence from one of India's largest mutual funds.