The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
PINELABS · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, acting through various schemes, bought 2,40,000 equity shares of Pine Labs Ltd on February 23, 2026 through a market purchase. This lifted its total holding from 5,73,42,504 shares (4.9938%) to 5,75,82,504 shares (5.0147%) of the paid-up share capital, crossing the 5% disclosure threshold under SEBI SAST Regulation 29(1). Pine Labs' total equity base is around 114.83 crore shares of Re 1 face value. SBI MF is acquiring on its own behalf via its schemes and is not part of the promoter group.
This is a routine regulatory disclosure triggered by SBI MF marginally crossing the 5% mark; it signals continued institutional confidence in Pine Labs but the incremental purchase is small (just 2.4 lakh shares) and unlikely to materially move the stock on its own.