The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mitsubishi UFJ Financial Group (MUFG) & PACs
ELGIEQUIP · price
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Awaiting price reaction for this filing.
Mitsubishi UFJ Financial Group (MUFG) has disclosed a reduction in its indirect holding in Elgi Equipments Limited under SEBI SAST Regulation 29(2). The reduction happened because MUFG sold entities First Sentier Investors (Hong Kong) Limited and First Sentier Investors (Singapore), which directly held shares in Elgi. As a result, MUFG's aggregated interest dropped from 8,055,055 shares (5.08%) to 6,674,650 shares (2.11%), a reduction of 1,380,405 shares (0.44%). The sale was executed on November 25, 2025, and was an indirect disposal rather than an open-market sale by MUFG. MUFG is not part of the promoter/promoter group of Elgi Equipments.
This is a foreign institutional investor trimming its stake below the 5% disclosure threshold, which is a modest negative signal as it reduces a notable foreign institutional shareholder's presence. However, the reduction is small (0.44% of capital) and was due to a corporate restructuring at MUFG (sale of First Sentier entities) rather than a deliberate exit, so direct stock price impact should be limited.