The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Funds
ELIN · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, acting through its various schemes, has reported a change in its shareholding in Elin Electronics Ltd under Regulation 29(2) of the SEBI Takeover Regulations. On May 13, 2025, it sold 38,280 shares (0.0771% of paid-up capital) via open market sale, taking its holding from 5.8102% to 5.7331%. This is part of a broader reduction of about 2% in its stake since its previous disclosure dated January 5, 2023, when it held 7.8011%. The disclosure was triggered because the cumulative change since the last filing crossed the 2% reporting threshold.
This is a small incremental sale by a non-promoter institutional holder and is unlikely to move the stock meaningfully. However, it signals that SBI Mutual Fund has been gradually trimming its position over the past two years, which is mildly negative for sentiment.