StockWatch
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Specialty Chemicals
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.