The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DSP Trustee Pvt Ltd
HARSHA · price
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Awaiting price reaction for this filing.
DSP Trustee Private Limited, acting for DSP Mutual Fund, DSP Alternative Investment Fund and DSP Global Funds ICAV, acquired 7,85,228 equity shares (0.87%) of Harsha Engineers International Ltd through open market on June 3, 2025. This lifted the combined holding of DSP schemes from 39,64,772 shares (4.35%) to 47,50,000 shares (5.22%) of the company's paid-up capital. The disclosure has been made under Regulation 29(1) of the SEBI Takeover Regulations because the holding crossed the 5% threshold. DSP is not part of the promoter or promoter group. Total paid-up equity capital of the company is Rs. 91,04,41,050 (9,10,44,105 shares).
A reputed domestic mutual fund crossing 5% adds a quality long-term institutional investor to the shareholder base, which is mildly positive for sentiment. However, with DSP now above 5%, further acquisitions beyond permitted creeping limits could trigger an open offer obligation under takeover rules.