Invesco Mutual Fund raises Gaja stake to 8.32% via open market
- Invesco Mutual Fund acquired 93,18,919 shares (6.61%) of Gaja Alternative Asset Management Ltd
- Aggregate holding rose from 1.71% to 8.32% as on August 26, 2026
- Transaction executed via open market across five mutual fund schemes
- Filing made under Regulation 29(1) of SEBI (SAST) Regulations, 2011
*this image is generated using AI for illustrative purposes only.
Invesco Mutual Fund schemes acquired a 6.61% stake in Gaja Alternative Asset Management Ltd , bringing their aggregate holding to 8.32% of the paid-up share capital as on August 26, 2026.
The acquisition was executed through open market transactions across five specific fund schemes managed by Invesco Asset Management (India) Pvt. Ltd. The disclosure was made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Acquisition Details
The purchase involved the acquisition of 93,18,919 equity shares carrying voting rights. Prior to this transaction, Invesco Mutual Fund held 24,16,622 shares, representing 1.71% of the company’s equity.
The following table outlines the change in shareholding:
| Metric | Before Acquisition | Acquired | After Acquisition |
|---|---|---|---|
| Number of Shares | 24,16,622 | 93,18,919 | 1,17,35,541 |
| Stake (%) | 1.71% | 6.61% | 8.32% |
The funds involved in the acquisition include the Invesco India Consumption Fund, Invesco India Smallcap Fund, Invesco India Financial Services Fund, Invesco India ELSS Tax Saver Fund, and the Summit Equity Long-Short Fund.
Regulatory Compliance
The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Limited by Hardik Mehta, Chief Risk Officer at Invesco Asset Management (India) Pvt. Ltd. The filing confirms that the acquirer does not belong to the promoter or promoter group of Gaja Alternative Asset Management Ltd.
The company’s total equity share capital remains unchanged at ₹70,50,51,150, comprising 14,10,10,230 equity shares of Re. 5 each. No warrants, convertible securities, or encumbered shares were involved in the transaction.
Historical Stock Returns for Gaja Alternative Asset Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.35% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Will Invesco's increased 8.32% stake trigger any mandatory open offer obligations under SEBI takeover regulations if they cross the 10% threshold?
How might this significant accumulation by a major mutual fund influence Gaja Alternative Asset Management's stock volatility and trading volume in the near term?
Does this acquisition signal a broader institutional shift towards alternative asset management firms in India, or is it specific to Invesco's portfolio rebalancing strategy?
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