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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Awaiting price reaction for this filing.
HDFC Mutual Fund (through 14 of its equity schemes including HDFC Business Cycle Fund, HDFC Value Fund, HDFC Small Cap Fund, etc.) has acquired 15,00,00,456 equity shares (3.23%) of Vishal Mega Mart in the open market on June 17, 2025. Prior to this acquisition, HDFC MF held 12,59,78,959 shares (2.71%), which has now increased to 27,59,79,415 shares (5.94%) of the company. This disclosure has been filed because the holding has crossed the 5% threshold under SEBI's Takeover Regulations. The acquirer is not part of the promoter/promoter group.
Crossing the 5% threshold by a major institutional investor like HDFC MF is a positive signal reflecting strong institutional confidence in Vishal Mega Mart. The disclosure is regulatory in nature and triggered by the 5% crossing, so no immediate share price impact is expected, though large mutual fund accumulation can support liquidity and valuation over time.