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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 3.7 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.