The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tata Multicap Fund
USHAMART · price
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Awaiting price reaction for this filing.
Tata Multicap Fund, along with PACs Tata Small Cap Fund and Tata Indian Opportunities Fund (all managed by Tata Asset Management), acquired 3,14,624 equity shares of Usha Martin Limited on June 12, 2025 through secondary market (open market) purchase. This took their combined holding from 4.9143% (1,49,75,954 shares) to 5.0175% (1,52,90,578 shares), crossing the 5% disclosure threshold under SEBI SAST Regulations. The acquirer is not part of the promoter group, indicating this is an institutional investor position build-up.
Crossing the 5% mark makes Tata AMC a significant institutional shareholder, which is generally viewed positively as it reflects institutional confidence. Further purchases approaching the 10% threshold will require additional disclosures and could increase share price support.