The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
SOLARINDS · price
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Awaiting price reaction for this filing.
SBI Mutual Fund, under its various schemes, has reduced its stake in Solar Industries India Ltd by selling 20,413 shares (0.0226% of paid-up capital) through a market sale on May 30, 2025. Post-sale, SBI Mutual Fund's holding stands at 33,55,510 shares, or 3.7082% of the company's paid-up share capital, down from 3.7307% earlier. This filing is triggered because the cumulative decrease has crossed the 2% threshold since the last disclosure made in October 2015, when holding was 5.7056%. The sale was executed on the open market and the company's total equity remains unchanged at 9.04 crore shares of Rs. 2 face value.
A marginal reduction by a major institutional investor (SBI Mutual Fund) is not material on its own, but signals a modest trim in institutional confidence. The current holding of ~3.71% keeps SBI MF a significant non-promoter institutional shareholder, and this small open-market sale is unlikely to materially affect the stock price.