The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
KEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HDFC Mutual Fund has disclosed a reduction of 2.04% in its aggregate shareholding in KEC International Ltd, bringing its total stake down from 8.97% (as of December 3, 2018) to 6.93% as of December 22, 2025. The mutual fund sold 46,22,581 equity shares (1.74% of paid-up capital) through open market transactions on December 22, 2025. After the sale, HDFC MF holds 1,84,44,316 shares in the company. HDFC MF is not part of the promoter/promoter group of KEC International.
A notable exit by a large domestic institutional investor (HDFC MF) via open market sale could create short-term supply pressure on the stock and may be viewed negatively by retail investors. However, KEC International is not directly impacted as a company since the sale is by an institutional investor, not the promoter group.