The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon Life India Trustee Ltd
FUSION · price
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Awaiting price reaction for this filing.
Nippon Life India Trustee Ltd, acting on behalf of various schemes of Nippon India Mutual Fund, sold 2,58,411 shares (0.1964%) of Fusion Finance Limited through open market transactions between May 10, 2023 and May 28, 2025. After the sale, the fund's holding stands at 37,54,540 shares (2.5722%), down from 40,12,951 shares (2.7686%) before the sale. The acquirer clarified it is not part of the promoter/promoter group. As context, the fund originally held 50,82,284 shares (5.05% on pre-issue capital), but the stake got diluted after the company's rights issue and has now reduced by another 2% relative to that pre-issue base.
This is a routine SAST disclosure from a non-promoter institutional investor trimming a small position. The mutual fund continues to hold under 3% of the company, so there is no material implication for retail shareholders or the stock price.