The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund
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HDFC Mutual Fund, through multiple of its equity schemes, has disclosed an acquisition of Timken India shares that pushed its total holding above the 5% threshold. On June 4, 2025, it bought 39,218 shares (0.052% of equity) in the open market, taking its combined holding from 4.974% (37,41,126 shares) to 5.026% (37,80,344 shares). The acquisition was made under Reg 29(1) of the SEBI Takeover Regulations, which requires disclosure once an acquirer crosses 5% of a company's share capital. HDFC MF is not part of the promoter group; this is a passive institutional investment via various index, sectoral, and thematic funds.
This is a routine institutional disclosure from a domestic mutual fund crossing a regulatory threshold, not a strategic or promoter-level action. It signals continued institutional interest in Timken India from HDFC's fund range but is unlikely to materially move the stock on its own.