The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
Awaiting price reaction for this filing.
SBI Mutual Fund, through its various schemes, acquired a net 29,77,296 shares of Gujarat State Petronet Ltd on May 8, 2026, through open market purchases. Before this acquisition, SBI Mutual Fund held 4.7637% of the company's paid-up share capital. After the acquisition, its holding increased to 5.2914%, crossing the legally significant 5% threshold that triggers mandatory disclosure under SEBI SAST Regulations. The total holding now stands at 2,98,54,441 shares. SBI Mutual Fund is not part of the promoter or promoter group of the company. The disclosure was filed on May 11, 2026.
Crossing the 5% threshold signals significant institutional buying interest in Gujarat State Petronet Ltd, which could be positive for the stock as it indicates confidence from a large mutual fund house. Any future acquisitions by SBI MF beyond 5% will continue to trigger incremental disclosures.