The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bandhan Mutual Fund
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Bandhan Mutual Fund sold 2,43,667 equity shares of VRL Logistics in the open market on February 10, 2026. After this sale, Bandhan MF's holding in the company stands at 2.9635% (51,84,244 shares), down from 3.1028% just before the transaction. From their last reported holding of 5.0032% (as of March 2021), the cumulative decline is now more than 2% of paid-up capital, which is why this Regulation 29(2) disclosure was triggered. The sale came mainly from the Bandhan Small Cap Fund scheme, while other schemes (Value Fund, ELSS, Transportation & Logistics Fund, Multi Asset Allocation Fund) kept their holdings unchanged. Bandhan MF has clarified it is not part of the promoter or promoter group.
A meaningful reduction by a large institutional investor may weigh on short-term sentiment, but since Bandhan MF is not a promoter, this does not indicate any change in company control. Retail investors should note reduced institutional sponsorship but this is not a negative signal about the business itself.