Bandhan Mutual Fund raises Mastek stake to 5.05% via open market buy
- Bandhan Mutual Fund bought 18,000 Mastek shares on September 15, 2026
- Total holding rises to 15,67,196 shares, representing 5.0544% stake
- Transaction executed via open market purchase
- No encumbrances or pledges reported on the holdings
*this image is generated using AI for illustrative purposes only.
Bandhan Mutual Fund increased its stake in Mastek to 5.0544% after acquiring 18,000 equity shares on September 15, 2026.
The acquisition was made through the open market, bringing the fund’s total holding to 15,67,196 shares. This transaction triggered a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Acquisition Details
Prior to this purchase, Bandhan Mutual Fund held 15,49,196 shares, representing 4.9964% of the company’s paid-up voting capital. The additional 18,000 shares added 0.0580% to its stake.
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held | 15,49,196 | 15,67,196 |
| Voting Rights % | 4.9964% | 5.0544% |
| Diluted Voting % | 4.9570% | 5.0146% |
The mutual fund reported no encumbrances, pledges, or warrants associated with these holdings. The total equity share capital of Mastek remains at ₹15,50,31,880, comprising 3,10,06,376 equity shares with a face value of ₹5 each.
Regulatory Compliance
Bandhan AMC Limited, acting as the investment manager for Bandhan Mutual Fund, filed the disclosure with BSE Limited and NSE India on September 17, 2026. The filing confirms that the acquirer does not belong to the promoter or promoter group of the target company.
Historical Stock Returns for Mastek
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -0.33% | -11.43% | +9.89% | -34.62% | -45.82% |
Will Bandhan Mutual Fund continue to accumulate Mastek shares to approach the 10% disclosure threshold, or is the current stake considered optimal?
How might this increased institutional interest influence Mastek's stock price volatility in the short term following the SEBI disclosure?
Does this acquisition signal a broader shift in Bandhan Mutual Fund's sectoral allocation towards IT services amidst current market conditions?
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