Kotak Mahindra Mutual Fund Crosses 5% Threshold in Park Medi World Limited
Kotak Mahindra Mutual Fund has acquired 175,164 equity shares of Park Medi World Limited through open market transactions on March 11, 2026, increasing its total holding to 5.0393% from 4.9988%. This acquisition crosses the 5% threshold, triggering mandatory disclosure under SEBI's SAST Regulations 2011. The mutual fund is not part of the promoter group and made the investment through its various schemes in the healthcare sector company listed on BSE and NSE.
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Kotak Mahindra Mutual Fund has disclosed a substantial acquisition of shares in Park Medi World Limited, crossing the critical 5% threshold that mandates disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. The acquisition was completed on March 11, 2026, through open market transactions.
Acquisition Details
The mutual fund acquired 175,164 equity shares of Park Medi World Limited through its various investment schemes. This acquisition increased Kotak Mahindra Mutual Fund's total shareholding in the company from 21,591,213 shares to 21,766,377 shares.
| Parameter | Before Acquisition | Acquisition | After Acquisition |
|---|---|---|---|
| Number of Shares | 21,591,213 | 175,164 | 21,766,377 |
| Percentage Holding | 4.9988% | 0.0405% | 5.0393% |
| Voting Rights | 4.9988% | 0.0405% | 5.0393% |
Company Information
Park Medi World Limited's equity shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The company has a total equity share capital of 43,19,30,864 equity shares with a face value of Rs. 2 each. This share capital structure remained unchanged following the acquisition.
Regulatory Compliance
Kotak Mahindra Mutual Fund confirmed that it does not belong to the promoter or promoter group of Park Medi World Limited. The acquisition was made purely as an investment through the fund's schemes, representing a diversification strategy in the healthcare sector.
| Compliance Aspect | Details |
|---|---|
| Acquisition Mode | Open market |
| Promoter Group Status | No |
| Date of Acquisition | March 11, 2026 |
| Disclosure Date | March 13, 2026 |
Investment Implications
The acquisition represents Kotak Mahindra Mutual Fund's confidence in Park Medi World Limited's business prospects. The fund's investment was executed through multiple schemes, indicating a strategic allocation decision across its portfolio management framework.
The disclosure was signed by Jolly Bhatt, Compliance Officer of Kotak Mahindra Asset Management Company Limited, which serves as the investment manager for Kotak Mahindra Mutual Fund. The company maintains its corporate office in Mumbai and operates under CIN U65991MH1994PLC080009.
Historical Stock Returns for Park Medi World
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.09% | -0.32% | +11.80% | +30.15% | +30.15% | +30.15% |
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