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 36,50,000 shares (0.49%) of Brookfield India Real Estate Trust REIT via the open market on February 13, 2026. This acquisition raised PPFAS Mutual Fund's total holding from 4.95% (3,71,19,361 shares) to 5.44% (4,07,69,361 shares) of the REIT. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations because the purchase pushed PPFAS past the 5% disclosure threshold. PPFAS clarified that it is not part of the promoter or promoter group of the REIT. The acquisition was a routine open-market purchase by an institutional investor.
This is a positive institutional signal showing a well-known mutual fund is building a meaningful stake in Brookfield India REIT. For existing unit holders, it indicates growing institutional confidence, though PPFAS at 5.44% remains a non-promoter financial investor with no board influence.