The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
THERMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Midcap 150 and 0.9 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SBI Mutual Fund, acting through its various schemes, has bought 10,85,943 shares (0.91%) of Thermax Ltd through open market purchases on August 26, 2025. This raises SBI Mutual Fund's total holding in Thermax from 79,67,426 shares (6.69%) to 90,53,369 shares (7.60%). The disclosure was filed under SEBI's Regulation 29(2), which is triggered whenever an existing shareholder's stake changes by 2% or more. SBI Mutual Fund is not a promoter of Thermax — it is an institutional investor buying on the open market.
A domestic mutual fund building a nearly 7.6% stake is a vote of confidence from institutional money, which can be positive for the stock. Investors should note that SBI MF is now within striking distance of the 10% significant-shareholder threshold under takeover rules, so further buying could trigger additional disclosures.