The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
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HDFC Mutual Fund, through its various schemes (HDFC Business Cycle Fund, HDFC Manufacturing Fund, HDFC Small Cap Fund), has increased its shareholding in Pearl Global Industries Ltd from 5.10% to 7.23%, acquiring an additional 9,97,306 shares (2.17% stake) through open market purchases as of August 22, 2025. The acquisition pushes HDFC MF's total holding to 33,23,447 equity shares out of 4,59,78,717 total shares (paid-up capital of Rs. 22.99 crore). This disclosure is filed under SEBI's Takeover Regulations and confirms that HDFC MF is not part of the promoter/promoter group of the company.
Growing institutional confidence from a major mutual fund house signals positive long-term sentiment toward the stock. The 7.23% holding places HDFC MF close to the 10% threshold, which if crossed would trigger an open offer requirement—retail investors should watch for further acquisitions.