The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
EQUITASBNK · price
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Mirae Asset Mutual Fund (a non-promoter institutional investor) has disclosed acquisition of 97,18,905 equity shares (0.851% of paid-up capital) of Equitas Small Finance Bank Ltd on June 4, 2026 through open market purchases. Post this acquisition, Mirae Asset Mutual Fund's total holding in the bank stands at 6,57,07,640 shares, representing 5.756% of the equity share capital, up from 4.905% (5,59,88,735 shares) prior to the purchase. The disclosure is filed under Regulation 29(1) of the SEBI Takeover Regulations, triggered by the investor crossing the 5% substantial shareholding threshold. The acquisition was made purely via secondary market purchases and does not involve any promoter or encumbrance.
This is a positive signal for the stock, as a reputed global mutual fund increasing its stake indicates institutional confidence in the bank's growth prospects. However, at 5.756%, the holding is moderate and not large enough to materially influence stock price or demand any board seat.