The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
PRIVISCL · price
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SBI Mutual Fund, through its various schemes, purchased 22,40,000 shares of Privi Speciality Chemicals Ltd on December 31, 2025 via market purchase. This acquisition represents 5.7344% of the company's paid-up share capital and triggers a Regulation 29(1) disclosure under SEBI's Takeover Regulations. Prior to this purchase, SBI MF held 14,22,721 shares (3.6421%); after the acquisition, its total holding rose to 36,62,721 shares, or 9.3765% of the paid-up capital. The acquirer is not part of the promoter/promoter group, confirming this is institutional (FII/mutual fund) buying. The next regulatory trigger under SAST would be crossing the 10% threshold, which the fund is now approaching.
Positive sentiment signal — a marquee institutional investor (SBI MF) has significantly increased its stake, nearly doubling its holding in a single transaction. This suggests confidence in the company's prospects, but shareholders should note the fund is now just below the 10% SAST threshold, so further buying could attract additional regulatory scrutiny.