The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
PITTIENG · price
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SBI Mutual Fund, through its various schemes, bought 10,73,424 equity shares of Pitti Engineering Limited on 17 September 2025 via open market purchase. This acquisition raised its holding from 3.16% (11,89,766 shares) to 6.01% (22,63,190 shares), crossing the 5% disclosure threshold that triggers a SEBI SAST Regulation 29(1) filing. The total equity base of Pitti Engineering stands at 3,76,53,588 shares of face value Rs 5 each. This is a significant institutional investor buying into the company, signaling confidence in its prospects.
A major domestic institutional investor (SBI MF) doubling its stake to over 6% is a positive sentiment signal for retail shareholders, potentially supporting the stock price. Investors should watch for further accumulation by SBI MF or other institutional investors.