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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HDFC Mutual Fund has informed the stock exchanges that its aggregate holding in Jagran Prakashan Ltd has decreased from 7.13% to 4.71% of paid-up equity share capital as of May 29, 2026. This translates to a sale of 52,74,246 equity shares (2.42% of share capital) through the open market, with the previous holding being 1,55,27,121 shares and the new holding standing at 1,02,52,875 shares. The disclosure is filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The reduction is a continuation of trimming that was first reported on January 9, 2026 (based on January 7, 2026 data).
A notable reduction by a major institutional investor like HDFC Mutual Fund signals weakening institutional confidence and could exert downward pressure on the stock in the short term. Retail investors should monitor further institutional activity to gauge whether this is a portfolio rebalancing or a broader exit from the stock.