The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
KNRCON · price
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HDFC Mutual Fund, through its HDFC Mid Cap Fund scheme, sold 10,00,000 equity shares of KNR Constructions Ltd on November 11, 2025 through open market transactions. This reduced the fund's aggregate holding in the company from 5.80% (1,63,18,169 shares) to 5.45% (1,53,18,169 shares), a decline of 0.36 percentage points on the current equity capital base. The disclosure was filed under SEBI's SAST Regulation 29(2), which requires reporting changes of more than 2% of shareholding between previous disclosures. HDFC Mutual Fund is not part of the promoter or promoter group of the company and is acting purely as a portfolio investor.
The sale by a major institutional investor like HDFC Mutual Fund signals some trimming of exposure and may create short-term selling pressure on the stock. Retail investors should note that MF selling is a portfolio rebalancing action and not necessarily a negative view, but the reduced institutional weight could affect liquidity and sentiment in the near term.