The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
SYNGENE · price
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Mirae Asset Mutual Fund has disclosed an open-market acquisition of 361,572 equity shares (0.09%) in Syngene International Ltd on May 8, 2025, under SEBI's SAST Regulation 29(1). This takes the fund's total holding in the company from 20,037,013 shares (4.98%) to 20,398,585 shares (5.07%), crossing the 5% disclosure threshold. Mirae Asset is not part of the promoter group; this is a passive institutional investment. The total equity share capital of Syngene International stood at 402,536,981 shares, unchanged after the transaction.
This is a routine institutional disclosure triggered by Mirae Asset crossing the 5% ownership mark, reflecting continued institutional confidence in Syngene International. The small incremental size (0.09%) suggests a steady accumulation strategy rather than a significant stake change, and is unlikely to materially impact the share price.