The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund
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Awaiting price reaction for this filing.
Various schemes of Bandhan Mutual Fund bought 2,40,000 equity shares of Hi-Tech Pipes Limited through open market purchases on October 23, 2025. With this acquisition, the mutual fund's combined holding moved from 6.99% to 7.11% of the company's paid-up capital (an increase of 0.12% on this tranche, or 2.08% versus the previously reported holding of 5.03%). The shares were bought through the Bandhan Large & Mid Cap Fund and Bandhan Small Cap Fund, and the disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations. The acquirer has confirmed it does not belong to the promoter or promoter group.
Continued buying by a domestic mutual fund signals institutional confidence in the stock. With the holding now at 7.11%, Bandhan MF is getting closer to the 10% open-offer trigger threshold, so further accumulation by them would attract regulatory and market attention.