The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Balanced Advantage Fund & Others
SHAILY · price
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Awaiting price reaction for this filing.
Seven schemes of Motilal Oswal Mutual Fund have reported buying an additional 4,167 shares (0.0091%) of Shaily Engineering Plastics through market transactions, taking their combined holding from 9.6508% to 9.6599%. The acquirers are not part of the promoter group, and the total share capital of the company remains at 4,59,55,093 shares of Rs. 2 face value. The acquisition date is shown as June 18, 2024, while the disclosure to the exchange is dated June 20, 2025, indicating a significant delay in reporting. With this purchase, the mutual fund group's holding has crept very close to the 10% SAST disclosure threshold.
This is a minor incremental buy and is unlikely to move the stock price on its own, but it shows growing institutional interest from Motilal Oswal's funds. Shareholders should note the holding is now within touching distance of 10%, so any further buying will trigger higher disclosure obligations and could signal continued accumulation by these schemes.