The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
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HDFC Mutual Fund has disclosed an increase in its aggregate shareholding in Sapphire Foods India Ltd from 7.54% (as of March 7, 2024) to 9.60% (as of May 8, 2025), a rise of 2.06%. This is being reported under Regulation 29(2) of the SEBI Takeover Regulations. The latest open-market purchase on May 8, 2025 involved 4,47,745 shares (0.14% of paid-up capital), taking total holdings to 3,08,39,370 shares. The paid-up equity share capital is Rs.64,27,65,810 comprising 32,13,82,905 equity shares of Rs.2 each, indicating the company has undergone a share split or expansion since the earlier disclosure.
HDFC Mutual Fund, a major domestic institutional investor, is steadily building its stake and is now within striking distance of the 10% disclosure threshold. Continued buying from a large institutional fund is generally viewed as a positive signal by retail investors, though the stock-split effect partly explains the percentage increase.