The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kotak Mahindra Mutual Fund
ROLEXRINGS · price
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Kotak Mahindra Mutual Fund (KMMF) has disclosed a change in its holding in Rolex Rings Limited under SEBI SAST Regulation 29(2). KMMF sold equity shares of Rolex Rings through its mutual fund schemes in the open market on October 16, 2025. Its stake fell sharply from 6.2041% (16,89,594 shares) to 0.6204% of the company's voting capital — a reduction of about 5.58 percentage points. KMMF confirmed it is not part of the promoter or promoter group. This is the first such disclosure since its last reporting on April 5, 2024.
A large, publicly disclosed exit by a major domestic institutional investor can create near-term selling pressure on the stock and may dent retail confidence, though it does not change promoter control or the company's fundamentals.