The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund
HITECH · price
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On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 3.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bandhan Mutual Fund (through Bandhan Large & Mid Cap Fund and Bandhan Small Cap Fund) acquired 2,40,000 equity shares of Hi-Tech Pipes Ltd via open market on May 29, 2026. This took its holding from 7.1068% (last reported on October 27, 2025) to 9.1554%, an increase of more than 2% in paid-up capital, triggering the disclosure under Regulation 29(2) of SEBI Takeover Regulations. The acquirer is not part of the promoter/promoter group. Post-acquisition, Bandhan MF holds 1,85,95,261 shares representing 9.1554% of the company's equity share capital.
Institutional confidence in Hi-Tech Pipes is rising, with Bandhan MF steadily building a sizeable position. With the holding now at 9.15%, it is approaching the 10% disclosure threshold, meaning any further buying could attract additional regulatory attention and signal strong bullish conviction from a major mutual fund house.