The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund

FII holding declinedOwnership Changes View source PDF Explain this filing

ZEEL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹90.51

prior close

₹91.17

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%-1.1% vs market

TV Broadcasting & Software Production peers, median of 16sector+0.9%-0.7% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.7 pts less than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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15m

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30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2+1.3-1.1+0.9-0.7

Next day

+1.6+2.3-0.7+0.5+1.2

+1.4+2.7-1.3+0.5+0.9

+1.5+2.8-1.3+1.0+0.5

+0.8+2.6-1.8-0.4+1.2

+0.3+2.1-1.7-1.1+1.5

-0.6+3.0-3.6+0.7-1.3

15d

-0.5-0.6+0.1-1.8+1.3

-2.9-1.0-1.8-4.5+1.6

+1.6-1.3+2.9-8.2+9.9

-18.2-8.9-9.4-19.4+1.2

UpDownMarket · Nifty Smallcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HDFC Mutual Fund has disclosed a decrease of 2.057% in its shareholding in Zee Entertainment Enterprises Ltd under SEBI SAST Regulation 29(2). As of December 16, 2025, the aggregate holding of HDFC Mutual Fund schemes has fallen from 5.063% (4.86 crore shares) to 3.006% (2.89 crore shares), a sale of approximately 1.98 crore shares. The transaction was executed in the open market and HDFC Mutual Fund is not part of the promoter/promoter group. The paid-up equity share capital of the company remains unchanged at Rs.96.05 crore comprising 96.05 crore equity shares of Rs.1 each.

Likely market impact

A significant institutional exit of over 2% by a major mutual fund house may be viewed negatively by retail investors and could put short-term pressure on the stock. With HDFC MF holding now at just 3%, there is reduced institutional sponsorship which may affect investor sentiment.