The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
UTKARSHBNK · price
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Awaiting price reaction for this filing.
Mirae Asset Mutual Fund sold 44,80,369 shares (0.41%) of Utkarsh Small Finance Bank on June 6, 2025 through the open market. Post-sale, the fund's holding dropped from 88,50,895 shares (0.80%) to 43,70,526 shares (0.40%), meaning the fund cut its position by roughly half. The acquirer is not part of the promoter group, and no encumbrance (pledge/lien) activity is involved. The disclosure has been filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a non-promoter institutional sell-off by a mutual fund and has no impact on promoter control of the bank. The stock may see minor short-term pressure due to reduced institutional ownership, but the change in Mirae Asset's stake alone is unlikely to materially move the share price.