The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
SONATSOFTW · price
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HDFC Mutual Fund has informed the stock exchanges that its aggregate holding across 15 of its schemes in Sonata Software Ltd has risen by 2.006% (56,24,282 equity shares) through open market purchases on July 25, 2025. This takes HDFC Mutual Fund's total stake from 7.127% (1,99,85,903 shares, as of April 5, 2024) to 9.133% (2,56,10,185 shares). The acquisition was done through multiple schemes including HDFC BSE 500 ETF, HDFC Small Cap Fund, HDFC Technology Fund, HDFC Multi Cap Fund, HDFC Innovation Fund, HDFC Multi-Asset Fund and others. The disclosure is filed under Regulation 29(2) of SEBI's Takeover Regulations. HDFC Mutual Fund is not part of the promoter/promoter group of the company.
This is a significant institutional buying signal — a major mutual fund house has accumulated an additional 2% stake in Sonata Software over the past year and is now approaching the 10% disclosure threshold. Continued buying at this pace could push HDFC MF past 10%, attracting further scrutiny and potentially signalling strong institutional confidence in the stock.