Shareholding10 April 2026 at 04:15 am
Kotak Mahindra Mutual Fund Crosses 5% Stake in Poonawalla Fincorp, Acquiring 702,046 Shares via Open Market to Reach 5.0233% Total Holding
AI Summary
Kotak Mahindra Mutual Fund (KMMF) has disclosed a substantial acquisition of shares in Poonawalla Fincorp Limited, crossing the 5% ownership threshold. Through open market transactions, KMMF acquired an additional 702,046 equity shares, representing 0.0864% of the company's total equity share capital. This acquisition increased KMMF's total holding in Poonawalla Fincorp from 4.9370% (40,128,440 shares) to 5.0233% (40,830,486 shares). The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The date of acquisition or intimation of allotment of shares was stated as April 07, 2026.
Key Highlights
- Kotak Mahindra Mutual Fund has increased its stake in Poonawalla Fincorp Limited, crossing the significant 5% ownership mark.
- The fund acquired an additional 702,046 equity shares through open market purchases, raising its total holding to 40,830,486 shares.
- This acquisition boosted KMMF's percentage ownership from 4.9370% to 5.0233% of Poonawalla Fincorp's total equity share capital.
- The disclosure was made in compliance with SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.