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

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































