The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for WhiteOak Capital Mutual Fund
Awaiting price reaction for this filing.
WhiteOak Capital Mutual Fund purchased 1,50,750 equity shares of Cigniti Technologies Ltd on December 31, 2025 through the secondary market (open market). This increased its holding from 4.91% (13,51,338 shares) to 5.45% (15,02,088 shares), thereby crossing the 5% disclosure threshold under SEBI takeover regulations. The fund clarified that the purchase is purely from an investment perspective and not aimed at seeking control of the company. WhiteOak is not part of the promoter/promoter group of Cigniti Technologies.
A domestic mutual fund crossing the 5% ownership mark is generally viewed positively by retail investors as it signals institutional confidence in the company. However, since the acquirer explicitly stated this is not for control, it is unlikely to trigger any takeover speculation or significant short-term price movement.