The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
JAGRAN · price
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Awaiting price reaction for this filing.
HDFC Mutual Fund has disclosed a reduction in its aggregate holding in Jagran Prakashan Ltd from 9.16% (as of April 18, 2019) to 7.13% (as of January 7, 2026), a decline of 2.03 percentage points. The actual shares sold in the open market on January 7, 2026 were only 99,957 shares (0.05% of equity), with holding falling from 1,56,27,078 shares to 1,55,27,121 shares. The larger percentage drop is largely explained by a reduction in Jagran Prakashan's paid-up equity share capital from Rs 59.28 crore (29.64 crore shares) to Rs 43.53 crore (21.77 crore shares), likely due to a share buyback. HDFC MF is not part of the promoter group.
This is a routine institutional disclosure and not a promoter action. The actual selling by HDFC MF is minimal (just 0.05% of equity). The apparent drop in holding percentage is largely a result of share buyback shrinking the total share base, not a meaningful exit by the mutual fund. No material price impact expected from this filing.