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 bought 2,40,000 equity shares of Hi-Tech Pipes in the open market on May 29, 2026, through its Bandhan Large & Mid Cap Fund and Bandhan Small Cap Fund schemes. The purchase is part of a larger accumulation that lifted its stake from 7.1068% (as of October 27, 2025) to 9.1554% — an increase of more than 2%, which triggered this SAST Regulation 29(2) disclosure. Bandhan Mutual Fund is not a promoter of the company; this is pure institutional buying. Post-acquisition, Bandhan MF holds 1,85,95,261 shares, making it one of the largest non-promoter shareholders in the company.
A sustained build-up by a major mutual fund house signals positive institutional conviction in the stock. With Bandhan MF now at 9.1554%, it is just below the 10% threshold, so further accumulation will invite additional SAST scrutiny and could keep the stock in focus among institutional investors.