The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
INDIAMART · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, under its various schemes, sold 95,437 equity shares (0.1590% of paid-up capital) of IndiaMART InterMESH on May 21, 2025 through a market sale. After this transaction, SBI Mutual Fund's holding stands at 19,37,580 shares, or 3.2276% of the company, down from 3.3865% prior to the sale. Compared to its last disclosure under Regulation 29(1) in November 2024, when it held 5.2356%, the fund's stake has now dropped by roughly 2 percentage points. The sale was carried out by SBI Funds Management Limited in its capacity as an institutional investor, not as part of the promoter group.
The single-day sale is small (0.16%) and unlikely to move the stock on its own, but the steady reduction from 5.23% to 3.23% over six months suggests gradual institutional profit-booking or portfolio rebalancing. Retail investors should note declining institutional conviction but no immediate cause for alarm.