The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
MTARTECH · price
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Nippon India Mutual Fund (through Nippon Life India Trustee Limited) has sold 20,000 shares of MTAR Technologies Ltd in open market transactions. The sale, conducted between January 10, 2023 and May 21, 2026, reduced their holding from 15,43,686 shares (5.02%) to 15,23,686 shares (4.95%). This represents a marginal stake reduction of 0.065%. The disclosure was filed on May 25, 2026. Nippon India Mutual Fund is classified as a non-promoter entity.
The sale has minimal impact as it involves only a 0.065% stake reduction by a non-promoter institutional investor. The mutual fund still holds nearly 5% stake in the company.