The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
OMNI · price
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Nippon India Mutual Fund, acting through Nippon Life India Trustee Limited, acquired 90.13 lakh equity shares (7.2888%) of Omnitech Engineering Ltd on March 4, 2026 through open market purchases. This is a fresh acquisition — the fund did not hold any shares in the company prior to this transaction, making this their first disclosed stake. The acquisition was made under SEBI SAST Regulation 29(1), which mandates disclosure when a non-promoter acquirer's holding crosses the 5% threshold. The acquirer is confirmed as not belonging to the promoter/promoter group, and the equity capital of Omnitech Engineering stands at Rs 61.83 crore (12.37 crore shares of Rs 5 face value).
This is a significant institutional buying signal — a major mutual fund taking a 7.29% position suggests strong fundamental confidence in Omnitech Engineering. Shareholders may view this positively as it adds a credible institutional shareholder. However, the fund is now only about 2.7 percentage points away from the 10% regulatory threshold, meaning further purchases will attract additional disclosure requirements.