The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
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Mirae Asset Mutual Fund has sold 16,19,609 equity shares of Sapphire Foods India Ltd on May 9, 2025, through open market transactions. This reduced their holding from 1,34,08,657 shares (4.17%) to 1,17,89,048 shares (3.67%) of the company's equity capital. The disclosure was filed under SEBI's Takeover Regulations, and Mirae Asset clarified that it is not part of the promoter or promoter group. The total equity share capital of Sapphire Foods India stands at approximately 32.12 crore shares.
This is a minor reduction by an institutional investor (non-promoter), signalling some portfolio rebalancing by Mirae Asset. The 0.50% reduction is relatively small and unlikely to materially affect the stock price, though it slightly eases any creeping acquisition concerns given the fund's existing 3.67% stake.