Shareholding28 Apr 2026, 04:15 pm
Nippon India MF acquires 1.51 Cr shares in Orient Electric via open market
AI Summary
Nippon India Mutual Fund, through Nippon Life India Trustee Limited, has disclosed the acquisition of 1,51,05,650 shares of Orient Electric Limited. These shares were purchased via open market transactions over a period from July 29, 2024, to April 24, 2026. This disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a significant change in the fund's holding in the target company. The total equity share capital of Orient Electric Limited is ₹21,33,65,899, comprising 21,33,65,899 shares with a face value of Re.1 each.
Key Highlights
- Nippon India MF acquired 1,51,05,650 shares of Orient Electric.
- The acquisition was executed through open market purchases.
- Transactions occurred between July 2024 and April 2026.
- Disclosure made under SEBI Takeover Regulations 29(2).
Price Impact
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