The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Mutual Fund
TORNTPOWER · price
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Axis Mutual Fund, through several of its schemes, sold 5,64,876 equity shares (0.11%) of Torrent Power Ltd in the open market on November 12, 2025. This brought its aggregate holding down from 3.17% to 3.06% of the company's equity share capital (1,54,43,254 shares held across 10 schemes). The disclosure was triggered because the cumulative disposal by Axis MF schemes since the last reporting crossed the 2% threshold under SEBI SAST Regulations. The largest contributors to the sale were Axis ELSS Tax Saver Fund (~3.99 lakh shares) and Axis Focused Fund (~1.66 lakh shares). Axis MF clarified the sale was part of ordinary portfolio rebalancing and the acquirer is not part of the promoter group.
This is a routine portfolio rebalancing by a domestic mutual fund and not a fundamental or promoter-driven change. The marginal reduction in MF holding is unlikely to materially affect Torrent Power's stock price or shareholder structure.