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) has sold 2,58,411 equity shares (0.1964%) of Fusion Finance Ltd in the open market on May 28, 2025. Post-sale, Nippon MF's holding stands at 37,54,540 shares, or 2.5722% of the company's paid-up share capital, down from 2.7686% earlier. The acquirer is not part of the promoter/promoter group — it is an institutional (FII/Mutual Fund) investor. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations because cumulative change crossed the 2% reporting threshold versus their pre-issue shareholding.
A modest trimming of position by a large mutual fund house — likely routine portfolio rebalancing rather than a directional call on the stock. Limited direct impact on share price, but retail investors may note incremental institutional selling pressure.