The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aditya Birla Sun Life Mutual Fund
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Aditya Birla Sun Life Mutual Fund has disclosed a reduction in its shareholding in TD Power Systems Ltd from 5.0072% (78,19,772 shares) to 2.9704% (46,39,485 shares), selling 31,80,287 shares (2.0368% of equity) in the open market on August 18, 2025. The mutual fund, which is not part of the promoter group, has now fallen below the 5% substantial shareholder threshold under SEBI's Takeover Regulations. The disclosure was filed under Regulation 29(2) of the SAST Regulations, 2011, and the equity share capital of the company remains unchanged at ₹31.24 crore (15.61 crore shares of ₹2 each).
This is a notable institutional selloff by a well-known mutual fund house, which could create short-term pressure on the stock and may dent retail investor sentiment. Falling below the 5% threshold means ABSL MF is no longer classified as a 'substantial shareholder,' and any further buys or sells of 2%+ will require fresh disclosures.