The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kotak Mahindra Mutual Fund
EXIDEIND · price
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BSE has received a disclosure under Regulation 29(2) of SEBI's Takeover Regulations from Kotak Mahindra Mutual Fund regarding its shareholding in Exide Industries Ltd. This regulation requires institutional investors and mutual funds to disclose when their acquisition or disposal of shares crosses the 2% threshold of the company's paid-up capital. The specific direction (buy or sell) and exact quantum of the change are not mentioned in the headline. Kotak Mahindra Mutual Fund is a domestic institutional investor, not a promoter, so this is a portfolio-level adjustment rather than a change in promoter control.
The filing is a routine regulatory disclosure by a domestic mutual fund and does not signal any change in promoter holding or corporate control. Shareholders should not read this as a negative or positive trigger for the stock unless the actual disclosure reveals a significant one-way accumulation or exit.