The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund
STLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bandhan Mutual Fund (through its various schemes) sold 18,15,000 equity shares of Sterlite Technologies Ltd in the open market on June 04, 2026, for a total value of approximately Rs. 97.63 crore. As a result, its stake in the company dropped from 5.2728% to 3.0252% of paid-up capital — a reduction of more than 2%. After the transaction, Bandhan MF holds 1,47,67,903 shares, representing 3.0252% of equity capital and 2.7541% of diluted capital. The disclosure is filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. Bandhan MF is not part of the promoter or promoter group of Sterlite Technologies.
A notable reduction in institutional holding by a major mutual fund may be viewed negatively by the market in the short term, as it signals profit-taking or reduced confidence by an institutional investor. However, since Bandhan MF is not a promoter, this does not affect promoter control or trigger any takeover-related concerns.