The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
ELIN · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, acting through its various schemes, sold 2,50,175 equity shares of Elin Electronics Ltd in the open market on August 13, 2025. This sale represents 0.5038% of the company's paid-up share capital. Post-sale, SBI Mutual Fund's aggregate holding stands at 18,47,027 shares, or 3.7194% of the paid-up capital, down from 4.2232% (20,97,202 shares) prior to the transaction. This is the second reduction reported this year — earlier on May 14, 2025, SBI MF's holding was 5.7331%, indicating a steady trimming of its position. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, which applies to shareholders crossing or breaching certain ownership thresholds.
A domestic mutual fund trimming its position by over 0.5% in a single day is a mildly negative signal, suggesting reduced institutional confidence. However, SBI MF's stake remains meaningful at 3.72%, and the sale was through normal market channels, so the direct price impact is likely limited.