The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
PARADEEP · price
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Awaiting price reaction for this filing.
Nippon India Mutual Fund has disclosed under SEBI Takeover Regulations that it purchased additional shares of Paradeep Phosphates Ltd in the open market, taking its total holding past the 5% mark. Before the acquisition, the fund held 4,05,07,214 shares (4.97%), and it acquired an additional 3,96,713 shares (0.05%), bringing its post-acquisition stake to 4,09,03,927 shares (5.02%). The purchases were carried out gradually between May 17, 2022 and July 17, 2025. The acquirer is not part of the promoter or promoter group. The total equity share capital of the company remains unchanged at Rs. 815.36 crore, comprising 81.54 crore shares of Rs. 10 each.
This is a routine regulatory disclosure triggered by Nippon India MF crossing the 5% shareholding threshold in Paradeep Phosphates. It signals continued institutional confidence in the stock but does not trigger an open offer obligation. Shareholders should note the gradual accumulation by a large mutual fund house, which is mildly positive for liquidity and price stability.