The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund
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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.