The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malabar India Fund Ltd
SCODATUBES · price
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Awaiting price reaction for this filing.
Malabar India Fund Limited, a Mauritius-based foreign portfolio investor, disclosed under SEBI SAST Regulation 29(1) that it acquired 21,42,800 equity shares (3.58%) of Scoda Tubes Limited through the IPO anchor allotment dated May 27, 2025. Prior to this acquisition, the fund held 24,00,000 shares (5.43%), and after the allotment its holding increased to 45,42,800 shares, or 7.58% of the company's share capital. The fund is not part of the promoter group. Scoda Tubes' total equity share capital rose from 4,41,94,700 to 5,99,08,900 shares of face value Rs 10 each as part of the IPO.
This is a one-time anchor allotment disclosure, not a market purchase, so there is no immediate buying pressure or sentiment impact on the stock. It simply confirms institutional (FPI) confidence in the IPO, with Malabar India Fund now holding a meaningful 7.58% stake — worth monitoring as it approaches the 10% substantial acquisition threshold.