The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
NRBBEARING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mirae Asset Mutual Fund (a foreign-owned mutual fund) sold 1,00,000 equity shares of NRB Bearings Ltd on July 24, 2025 through the open market. This reduced its holding from 34,28,832 shares (3.54%) to 33,28,832 shares (3.43%), a decline of 0.10% in stake. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. Mirae Asset does not belong to the promoter or promoter group of NRB Bearings.
The stake sale is small (only 0.10%) and unlikely to materially affect the stock price. It indicates a minor portfolio rebalancing by the mutual fund rather than any change in confidence in the company.