The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund

Fii Holding DeclinedOwnership Changes View source PDF Explain this filing

KEC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹740.00

prior close

₹737.10

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-0.7% vs market

Civil Construction peers, median of 97sector-0.6%-0.3% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.3 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.3

15m

+0.6

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.2-0.7-0.6-0.3

Next day

-0.5-0.7+0.2-1.9+1.4

-0.8-0.9+0.1-2.2+1.4

-0.3+0.2-0.6-1.2+0.9

-0.1+0.1-0.3-1.2+1.0

+0.8+0.9-0.1-0.3+1.1

-1.1+0.9-2.0-2.2+1.2

15d

-6.9-3.7-3.2-7.5+0.6

-14.6-7.8-6.8-12.8-1.8

-19.6-3.6-16.0-10.9-8.6

-27.8-12.0-15.9-23.6-4.2

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.