The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
ELGIEQUIP · price
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SBI Mutual Fund, under its various schemes, acquired 55,62,002 equity shares of Elgi Equipments Ltd on November 25, 2025, through open market purchase and sale. This acquisition represented 1.76% of the company's paid-up share capital. Following this transaction, SBI Mutual Fund's total holding stands at 1,91,91,939 shares, equivalent to 6.06% of the paid-up share capital, up from 4.30% held prior to the acquisition. The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, triggered by SBI MF crossing the 5% substantial acquisition threshold. The acquirer is not part of the promoter/promoter group of the company.
This is a notable bullish signal as a major domestic institutional investor has built a meaningful 6%+ stake in the company. Retail investors may view this as institutional confidence in Elgi Equipments' prospects, though the holding remains below the 10% level where further disclosure triggers kick in.