The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
GOCOLORS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.2 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mirae Asset Mutual Fund sold 439,189 shares of Go Fashion (India) in the open market on October 16, 2025, reducing its holding from 1,759,337 shares (3.257%) to 1,320,148 shares (2.444%). The acquirer is not part of the promoter group — this is a foreign/mutual fund investor trimming its position. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which is triggered when holdings change by 2% or more (cumulatively) or cross certain thresholds. The transaction was executed entirely through the open market route.
A meaningful reduction by a marquee institutional investor like Mirae Asset could weigh slightly on short-term sentiment, though the post-sale holding remains a notable 2.44%. Retail investors should monitor whether further trimming follows, as it may signal reduced conviction in the stock at current levels.