The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
MHRIL · price
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HDFC Asset Management Company, on behalf of HDFC Mutual Fund schemes, has disclosed a decrease in shareholding in Mahindra Holidays & Resorts India Ltd from 5.13% (1,03,57,230 shares) as of May 23, 2025 to 3.05% (61,63,135 shares) as of January 22, 2026. This represents a sale of 41,94,095 equity shares (2.08% of paid-up capital) through the open market. The disclosure was made under Regulation 29(2) of SEBI's Takeover Regulations, which requires reporting when holdings cross or fall below certain percentage thresholds. HDFC Mutual Fund is not part of the promoter group — this is purely a portfolio rebalancing move by the fund house.
A meaningful exit by a major institutional investor like HDFC Mutual Fund could weigh on short-term sentiment, though the shares were sold in the open market over a period. Retail investors should note reduced institutional confidence but recognize this is a fund-level decision, not a promoter action.