The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Focused Fund & Others
KAYNES · price
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Seventeen schemes of Motilal Oswal Mutual Fund acquired 2,25,015 shares (0.3361%) of Kaynes Technology India Ltd through market transactions on July 3, 2025. Prior to this acquisition, the combined holding of these schemes stood at 31,41,937 shares (4.6925%). After the purchase, their total holding rose to 33,66,952 shares, representing 5.0285% of the company's share capital. This disclosure was made under Regulation 29(2) of SEBI's Takeover Regulations, triggered because the acquisition pushed the fund house past the 5% substantial shareholder threshold. The acquirer is not part of the promoter group and is classified as an institutional investor.
The acquisition signals institutional confidence in Kaynes Technology, with a well-known mutual fund crossing the 5% disclosure threshold. While it does not trigger an open offer (as holdings remain below 10%), it adds to positive institutional sentiment around the stock.