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