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, acting through Nippon Life India Asset Management, has disclosed a sale of 48,157 equity shares of Wheels India Limited under SEBI SAST Regulation 29(2). The shares were sold on the open market, reducing Nippon India MF's holding from 12,80,955 shares (5.24%) to 12,32,798 shares (5.05%) of the company's share capital. The acquirer is not part of the promoter/promoter group. The total equity share capital of Wheels India remains Rs. 24.43 crore (2,44,33,012 shares of Rs. 10 each). The disclosure was filed with BSE and NSE on September 26, 2025.
This is a minor trimming of institutional holdings (a drop of about 19 basis points), not a meaningful stake change. It is unlikely to have a material impact on the stock price, though it signals that the mutual fund is gradually reducing its position from the 5% disclosure threshold.