The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
TEAMLEASE · price
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Nippon India Mutual Fund, acting through Nippon Life India Trustee Limited, has disclosed the acquisition of 2,47,063 equity shares (1.47%) of TeamLease Services Ltd through open market purchases. The transactions were carried out over the period from March 7, 2025 to November 24, 2025. With this acquisition, Nippon India Mutual Fund's total holding in TeamLease has risen from 6.47% (10,85,526 shares) to 7.95% (13,32,589 shares). The acquirer is not part of the promoter/promoter group and is classified as an institutional investor.
This signals sustained institutional confidence in TeamLease Services, with a major mutual fund steadily increasing its stake closer to the 10% disclosure threshold. Continued buying by a large fund like Nippon India Mutual Fund is generally viewed positively by retail investors, though the stock may see mild supply-side pressure as the fund nears regulatory disclosure levels.