The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
LANDMARK · price
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Nippon India Mutual Fund (a non-promoter entity) disclosed an open market acquisition of 15,90,852 equity shares (3.84%) of Landmark Cars Limited under SEBI SAST Regulation 29(1). This takes its total holding from 15,90,190 shares (3.64%) to 31,01,032 shares (7.48%) of the company. The disclosure covers cumulative purchase transactions between December 13, 2022 and January 22, 2026. The acquisition was made through normal open market purchases, with the mutual fund now crossing the 5% regulatory disclosure threshold.
A well-known institutional investor like Nippon India Mutual Fund holding nearly 7.5% signals institutional confidence in Landmark Cars. Crossing the 5% threshold triggers further disclosure obligations and may attract additional institutional interest, though it does not directly impact stock price in the short term.