The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PPFAS Mutual Fund
Awaiting price reaction for this filing.
PPFAS Mutual Fund, through its various schemes, purchased 5,63,05,901 additional units (5.94%) of Embassy Office Parks REIT via open market transactions on February 24, 2026. Prior to this acquisition, PPFAS held 2,43,57,279 units (2.57%) of the REIT; after the purchase, its total holding rose to 8,06,63,180 units (8.51%). The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations since the acquisition crossed the 5% disclosure threshold. PPFAS clarified that it does not belong to the promoter or promoter group of the REIT. The total equity/voting capital of the REIT remains unchanged at 94,78,93,743 units.
This signals growing institutional confidence in Embassy Office Parks REIT from a well-known domestic mutual fund. The increased holding could provide some price support, but with PPFAS still below the 10% mark, further disclosures or buying may follow if they cross the next threshold.