The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
PINELABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SBI Mutual Fund has reported acquisition of 1,50,55,164 shares (1.3111%) in Pine Labs Ltd through market purchase on May 27, 2026. This increased their total holding from 5.0147% to 7.4099% of the paid-up share capital. The acquisition represents a cumulative increase of over 2% since their previous disclosure in February 2026, crossing the 5% threshold and approaching 7.5%. SBI Mutual Fund is not part of the promoter group. The filing includes both the cover letter and the standard format table with pre- and post-acquisition shareholding details.
This represents significant institutional accumulation in Pine Labs by a domestic mutual fund. While SBI Mutual Fund is not a promoter, crossing the 5% threshold and moving toward the 7.5% mark signals growing institutional confidence. The substantial increase of over 2% in a short span is positive for the stock.