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 sold 2,78,655 equity shares of STL Networks Ltd on January 2, 2026 in the open market. The disclosure under SEBI's Takeover Regulations was triggered because the MF's cumulative holding declined from 5.3635% to 3.3509% since the last reported position, a drop of more than 2% of paid-up capital. Post-transaction, Bandhan MF holds 1,63,49,613 shares (3.3509%) across its schemes. The cutback was largely from the Bandhan Multi Cap Fund scheme, which trimmed its stake from 0.3049% to 0.2478%, while other schemes (Value Fund, ELSS Tax Saver, Small Cap, Multi Asset Allocation) kept their holdings unchanged. STL Networks is not classified as belonging to the promoter/promoter group for this acquirer.
A domestic mutual fund trimming its stake and falling below the 5% disclosure threshold may indicate reduced institutional conviction, potentially weighing on the stock in the short term. However, the sale is from a passive scheme rebalancing and does not amount to a complete exit, so the broader impact is likely limited.