The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
KAJARIACER · price
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Awaiting price reaction for this filing.
Mirae Asset Mutual Fund has sold 7,62,000 equity shares (0.48% of share capital) of Kajaria Ceramics Ltd through open market transactions on April 23, 2025. This brought down their holding from 52,00,673 shares (3.27%) to 44,38,673 shares (2.79%) of the company. The acquirer is not part of the promoter/promoter group. The disclosure was filed under SEBI's Takeover Regulations to report the change in substantial shareholding.
A foreign mutual fund trimming its position in a large-cap company can signal mild bearish sentiment from institutional investors, though the reduction is small (0.48%) and the remaining stake is still meaningful at 2.79%. Retail investors may interpret this as a minor negative signal, but it is unlikely to materially impact the stock price given the modest size of the sale.