Nippon India MF Acquires 0.1374% Stake in Sundram Fasteners
Nippon India Mutual Fund, acting through Nippon Life India Trustee Limited, has acquired an additional 288,665 shares, representing 0.1374% of the total voting capital, in Sundram Fasteners Limited. This acquisition was made through open market transactions. Following this purchase, Nippon India Mutual Fund's total holding in Sundram Fasteners Limited now stands at 10,622,030 shares, which is 5.0550% of the company's total voting capital. The disclosure was made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Nippon India Mutual Fund increased its stake in Sundram Fasteners.
- Acquisition of 288,665 shares via open market.
- Total holding now stands at 5.0550% of voting capital.
- Disclosure filed under SEBI Takeover Regulations.
- No change in promoter status.
Price Impact
More from SUNDRMFAST
Sundram Fasteners: Promoter Group Reclassification Approved
Sundram Fasteners declares Q1 FY27 unaudited results
Sundram Fasteners Q1 FY27: consolidated revenue +20% YoY tops guide, PAT +14% as margins slip