The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
WHEELS · price
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Nippon India Mutual Fund has sold 300,000 shares (1.2278%) of Wheels India Ltd through open market transactions conducted between September 29, 2025 and April 29, 2026. The sale reduced the mutual fund's holding from 10,41,294 shares (4.2618%) to 7,41,294 shares (3.0340%). This represents a significant reduction in institutional holding in the company. The mutual fund is not part of the promoter/promoter group of Wheels India Limited.
The reduction in mutual fund holding from 4.26% to 3.03% may signal reduced institutional confidence in Wheels India, which could exert mild downward pressure on the stock price in the short term. However, the overall percentage remains modest.