The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
PARADEEP · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, through its various schemes, sold 970,000 shares (0.1190%) of Paradeep Phosphates via open market sale on June 9, 2025. This brought its holding down from 6.5101% to 6.3912% (5,21,10,889 shares). This is the latest in a series of reductions — SBI MF's stake in the company has dropped by roughly 2 percentage points since its earlier disclosure dated February 9, 2024, when it held 8.4639%. SBI Mutual Fund is not classified as a promoter or part of the promoter group of Paradeep Phosphates.
Minor incremental trimming by a large institutional investor; SBI MF remains a sizeable shareholder above the 5% disclosure threshold. Gradual stake reduction over the past year may signal modest reallocation, though the latest single-day sale of 0.12% is too small to materially move the stock.