The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Funds Management Ltd
NAZARA · price
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Awaiting price reaction for this filing.
SBI Funds Management Ltd (SBI Mutual Fund) has disclosed a sale of 1,18,664 equity shares (0.1354% of paid-up capital) of Nazara Technologies on April 29, 2025, through a market sale. SBI MF's holding has dropped from 50,26,294 shares (5.7367%) to 49,07,630 shares (5.6013%) as a result. This filing under SEBI's Takeover Regulations is part of a broader reduction in SBI MF's stake in Nazara, which stood at 8.0448% as per its last disclosure in October 2023 — meaning SBI MF has cumulatively trimmed its holding by roughly 2.4 percentage points over the past 18 months. The sale was carried out via open market transactions and does not involve any promoter or encumbrance activity.
A steady reduction by a major institutional investor may signal mild selling pressure on the stock. However, SBI MF still holds over 5.6% of Nazara, so it remains a sizeable institutional shareholder rather than a complete exit.