The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund
WAKEFIT · price
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Mirae Asset Mutual Fund bought 18,75,417 shares (0.57%) of Wakefit Innovations Ltd on June 5, 2026 through the open market, raising its holding from 4.83% (1,59,39,383 shares) to 5.40% (1,78,14,800 shares). The acquisition pushed the fund past the 5% regulatory mark, triggering a mandatory disclosure under SEBI SAST Regulation 29(1). The acquirer is Mirae Asset Investment Managers (India) Pvt Ltd and the buy was made for Mirae Asset Mutual Fund schemes. Wakefit's total equity share capital stands at 32,99,66,749 shares. The filing was signed on June 8, 2026 in Mumbai.
A marquee institutional investor crossing the 5% threshold signals strong long-term conviction in Wakefit, which is generally viewed positively by retail investors. However, it also locks the fund into making further open-offer disclosures if it keeps adding to the position above 10% and beyond.