The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Balanced Advantage Fund & Others
ELLEN · price
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Awaiting price reaction for this filing.
Three schemes of Motilal Oswal Mutual Fund — Balanced Advantage Fund, Multi Cap Fund, and Business Cycle Fund — acquired 1,24,363 equity shares (0.09% stake) of Ellenbarrie Industrial Gases Ltd through market transactions on July 2, 2024. Their combined holding rose from 90,25,637 shares (6.40%) to 91,50,000 shares (6.49%) of the company. The acquirers are not part of the promoter/promoter group. The disclosure was filed under SEBI's SAST Regulation 29(2), over a year after the actual transaction.
This is a marginal increase in institutional (mutual fund) ownership in a small-cap stock and is unlikely to materially affect the share price. It reflects continued interest from passive/active fund houses but does not signal any promoter-level or takeover-related event for shareholders.