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 0.2 pts more than Nifty Microcap 250 and 0.9 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 its Bandhan Large & Mid Cap Fund and Bandhan Small Cap Fund, bought 2,40,000 equity shares of Hi-Tech Pipes Ltd in the open market on May 29, 2026. This raised its total holding from 7.1068% (as last reported on October 27, 2025) to 9.1554% of the company's paid-up capital, a jump of over 2% that triggered the disclosure under Regulation 29(2) of the SEBI Takeover Regulations. After the deal, Bandhan MF holds 1,85,95,261 shares in the steel pipe maker. The acquirer is not part of the promoter group, meaning this is a pure institutional buy.
Short-term: signals continued institutional confidence in Hi-Tech Pipes, which may support the stock. Medium-term: Bandhan MF is now within striking distance of the 10% disclosure threshold, so any further buying could attract more regulatory attention and potentially move the price.