The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kotak Mahindra Mutual Fund
THERMAX · price
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BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Kotak Mahindra Mutual Fund in relation to Thermax Ltd shares. This regulation requires institutional investors to report when their shareholding crosses specific percentage thresholds (such as 5%, 10%, etc.) or changes between defined slabs. The filing indicates a change in Kotak Mahindra Mutual Fund's holding in Thermax, though the specific direction of the change (increase or decrease) and the exact percentage are not detailed in the headline. No transaction value or number of shares is mentioned in the available information.
This is a routine regulatory disclosure by a domestic mutual fund and does not by itself indicate any material event for retail shareholders. Investors should look for the detailed disclosure to understand whether Kotak MF has increased or reduced its stake in Thermax.