The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sundaram Large & Mid Cap Fund
RATEGAIN · price
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Sundaram Large & Mid Cap Fund (managed by Sundaram Asset Management Company) acquired 941,900 shares of RateGain Travel Technologies through open market purchases on May 22, 2026. Following this acquisition, the fund's total holding crossed the 5% regulatory threshold, reaching 6,460,425 shares representing 5.47% of capital (5.28% diluted). Prior to this purchase, the fund held 4.67% stake. Multiple Sundaram Mutual Fund schemes collectively hold this position, with the acquirer confirming they do not belong to the Promoter/Promoter group. This is a routine institutional investment accumulation filing required when crossing the 5% substantial acquisition threshold under SEBI regulations.
The crossing of 5% threshold by an institutional investor like Sundaram Mutual Fund signals confidence in the company. This is a normal regulatory disclosure for institutional accumulation and does not indicate any hostile intent or immediate impact on stock price.