The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Mutual Fund
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.8 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Axis Mutual Fund (through its schemes) sold 4,00,000 equity shares (1.46%) of Neogen Chemicals in the open market on June 2, 2026. This reduced its holding from 15,05,406 shares (5.50%) to 11,05,406 shares (4.04%) of the company's equity capital. The disposal, entirely from Axis Small Cap Fund, crossed the 2% reporting threshold since the fund's last disclosure under Reg 29(2) of SEBI (SAST) Regulations, 2011. Axis MF is not part of the promoter/promoter group; the filing is a routine regulatory disclosure for an institutional investor's shareholding change.
A large mutual fund cutting its stake can be a mild negative signal as it may indicate reduced institutional confidence, though MF portfolio rebalancing is routine. Shareholders should note the drop in institutional holding; the 4.04% post-disposal level remains meaningful but below the 5% substantial shareholder threshold.