Bandhan Mutual Fund raises EPL stake to 5.31% via open market

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Bandhan Mutual Fund acquired 1.8310% stake in EPL Ltd on September 1, 2026
  • Total holding increased from 3.4773% to 5.3083% of paid-up capital
  • Fund purchased 58,64,986 equity shares via open market transactions
  • Disclosure filed under SEBI SAST Regulation 29(1) on September 3, 2026
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Bandhan Mutual Fund increased its holding in EPL Ltd to 5.3083% following an open-market acquisition of 1.8310% equity shares on September 1, 2026.

The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bandhan AMC Limited, the investment manager for the mutual fund, filed the disclosure with BSE Limited on September 3, 2026.

Acquisition Details

The fund purchased 58,64,986 shares carrying voting rights. This transaction raised its pre-acquisition holding of 3.4773% (1,11,38,205 shares) to the current level. The total paid-up capital of EPL Limited remains unchanged at ₹64,06,28,318, comprising 32,03,14,159 equity shares with a face value of ₹2 each.

Metric Before Acquisition Acquired After Acquisition
Shares Held 1,11,38,205 58,64,986 1,70,03,191
Voting Rights % 3.4773% 1.8310% 5.3083%
Diluted Voting % 3.4242% 1.8031% 5.2273%

What the Numbers Show

The acquisition was executed entirely in the open market, indicating no preferential allotment or private placement involvement. There were no encumbrances, pledges, or convertible securities associated with the newly acquired shares, ensuring clean voting rights for the fund.

Historical Stock Returns for EPL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.56%+4.40%+9.78%+27.85%+7.31%+3.59%

Will Bandhan Mutual Fund's increased stake trigger a mandatory open offer under SEBI takeover regulations if the holding crosses the 5% threshold significantly?

How might this accumulation of shares by an institutional investor impact EPL Ltd's stock liquidity and short-term price volatility?

Does this move signal Bandhan AMC's confidence in EPL's upcoming quarterly earnings or specific growth initiatives in the packaging sector?

EPL promoter Epsilon Bidco sells entire 26.37% stake via open market

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Epsilon Bidco Pte. Ltd. sold 8,44,79,781 shares of EPL Limited
  • The sale represents the promoter's entire 26.37% stake
  • Transaction occurred via open market on September 1, 2026
  • Post-sale holding of Epsilon Bidco is 0 shares
  • Disclosed under SEBI Regulation 29(2)
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EPL Limited promoter Epsilon Bidco Pte. Ltd. disposed of its entire shareholding in the company through open-market transactions on September 1, 2026.

The Singapore-based entity sold 8,44,79,781 shares, representing 26.37% of the total voting capital and diluted voting capital of EPL Limited. This transaction reduces Epsilon’s holding from 26.37% to 0%.

Transaction Details

The disposal was executed via the open market on September 1, 2026. Prior to this sale, Epsilon Bidco held no encumbered shares, warrants, or other convertible instruments. The post-transaction holding reflects a complete exit from the equity capital of EPL Limited.

Metric Before Sale Sold After Sale
Shares (voting rights) 8,44,79,781 8,44,79,781 0
Stake (% total capital) 26.37% 26.37% 0%
Encumbrances 0 0 0

Capital Structure Context

The percentage calculations rely on EPL Limited’s total paid-up equity share capital of 32,03,14,159 shares as on August 5, 2026. This figure incorporates an allotment of 16,500 equity shares to eligible employee stock option holders under the Employee Stock Option Scheme 2020.

The total diluted share/voting capital of the company stands at 32,52,78,013 shares, based on data disclosed for the quarter ended June 30, 2026.

Regulatory Disclosure

The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The intimation was signed by Aravind Krishnan Sreekumar, Director of Epsilon Bidco Pte. Ltd., from Singapore.

Historical Stock Returns for EPL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.56%+4.40%+9.78%+27.85%+7.31%+3.59%

How will the complete exit of Epsilon Bidco impact EPL Limited's promoter pledge status and overall corporate governance structure?

What are the likely implications for EPL Limited's stock price volatility given the significant open-market disposal of 26.37% of voting capital?

Will the remaining promoters or management team announce any strategic initiatives or capital allocation changes to stabilize investor confidence post-exit?

More News on EPL

1 Year Returns:+7.31%