
Shareholding5 Jun 2026, 11:45 am
Axis MF Disposes 1.46% Stake in Neogen Chemicals
AI Summary
Axis Mutual Fund, through its various schemes, has disposed of 1.46% of the equity share capital of Neogen Chemicals Limited. This transaction reduces their holding to 4.04%. The disposal, amounting to 4,00,000 shares, was conducted in the ordinary course of investment and falls under SEBI's disclosure regulations for substantial acquisition/disposal of shares. The total equity share capital of Neogen Chemicals is valued at approximately ₹273.82 crore.
Key Highlights
- Axis Mutual Fund sold 1.46% stake in Neogen Chemicals.
- Post-disposal, Axis MF's holding reduced to 4.04%.
- The transaction involved 4,00,000 shares.
- Sale was part of normal portfolio investment activities.
- Disclosure made as per SEBI (SAST) Regulations, 2011.
Price Impact
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