The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
EIDPARRY · price
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SBI Mutual Fund (through its various schemes) bought 2,98,114 shares of EID Parry India Ltd on June 5, 2026, through an open market purchase. This raised its holding from 6.94% (1,23,48,318 shares) to 7.1077% (1,26,46,432 shares), a 0.1675% increase in a single transaction. Cumulatively, since the last disclosure in February 2024 (when holding was 5.0259%), the fund's stake has risen by about 2 percentage points. The disclosure is filed under Regulation 29(2) of SEBI's Takeover Regulations, which applies when a non-promoter acquirer's holding crosses certain percentage triggers beyond the initial 5% disclosure.
Continued buying by a large institutional investor like SBI Mutual Fund signals steady institutional confidence in EID Parry India. The stake is still well below the 10% open-offer trigger threshold, so no takeover-related action is required yet, but further purchases crossing 10% would trigger mandatory open offer obligations.