Nippon India MF buys 0.60% stake in Orient Electric; holding rises to 7.08%

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

ORIENTELEC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.7%1-day move

₹188.20

prior close

₹188.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.5+0.5+1.1+0.9-1.7-1.8-4.7-2.2+3.3-0.6-2.0-0.7-5.8—

Up moveDown movePending

AI summary

Nippon India Mutual Fund purchased 12,85,576 shares (0.60%) of Orient Electric via open market between July 29, 2024 and April 24, 2026. Disclosure filed under SEBI Takeover Regulations 2011 (Reg 29(2)). Holding rose from 1.38 crore shares (6.48%) to 1.51 crore shares (7.08%). The acquirer is not part of the promoter/promoter group. Orient Electric's total equity is 21.34 crore shares of Re. 1 face value.

Likely market impact

Continued institutional buying shows FII/MF confidence. Nippon India MF is creeping toward the 10% disclosure threshold; promoter holding unaffected.