NewsBandhan Mutual Fund Increases Stake in Sanathan Textiles to 5.0137% Through Open Market PurchaseBandhan Mutual Fund Increases Stake in Sanathan Textiles to 5.0137% Through Open Market Purchase
Bandhan Mutual Fund disclosed a substantial acquisition in Sanathan Textiles Limited, increasing its stake to 5.0137% from 4.9889% through the purchase of 21,000 shares on April 01, 2026. The acquisition was executed through two schemes - Bandhan Focused Fund and Bandhan Small Cap Fund - via open market transactions. The transaction crossed the 5% threshold, requiring mandatory disclosure under SEBI regulations, with the total holding now standing at 42,31,794 shares of the textile company.
*this image is generated using AI for illustrative purposes only.
Bandhan Mutual Fund has increased its shareholding in Sanathan Textiles Limited to 5.0137% through the acquisition of additional equity shares in the open market. The transaction, completed on April 01, 2026, involved the purchase of 21,000 shares, representing 0.0248% of the company's total paid-up capital.
Acquisition Details
The mutual fund's total holding in Sanathan Textiles has increased from 42,10,794 shares to 42,31,794 shares following this transaction. This acquisition pushed Bandhan Mutual Fund's stake above the 5% threshold, triggering the mandatory disclosure requirement under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
| Parameter | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares | 42,10,794 | 42,31,794 | +21,000 |
| Shareholding Percentage | 4.9889% | 5.0137% | +0.0248% |
| Voting Rights | 4.9889% | 5.0137% | +0.0248% |
Scheme-wise Distribution
The acquisition was executed through two of Bandhan Mutual Fund's schemes. The Bandhan Focused Fund increased its holding from 12,37,737 shares (1.4664%) to 12,52,737 shares (1.4842%), adding 15,000 shares. The Bandhan Small Cap Fund raised its position from 29,73,057 shares (3.5224%) to 29,79,057 shares (3.5295%), acquiring 6,000 additional shares.
| Scheme Name | Pre-Acquisition Shares | Pre-Acquisition % | Post-Acquisition Shares | Post-Acquisition % |
|---|---|---|---|---|
| Bandhan Focused Fund | 12,37,737 | 1.4664% | 12,52,737 | 1.4842% |
| Bandhan Small Cap Fund | 29,73,057 | 3.5224% | 29,79,057 | 3.5295% |
| Total | 42,10,794 | 4.9889% | 42,31,794 | 5.0137% |
Company Profile
Sanathan Textiles Limited maintains its equity share capital at INR 84,40,40,590, comprising 8,44,04,059 equity shares with a face value of Rs. 10 each, all fully paid up. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. Bandhan Mutual Fund has confirmed that it does not belong to the promoter or promoter group of the target company.
Regulatory Compliance
The disclosure was filed with BSE Limited on April 02, 2026, by Vijayalaxmi Khatri, Chief Compliance Officer of Bandhan AMC Limited, which serves as the investment manager for Bandhan Mutual Fund. The acquisition was conducted entirely through open market purchases, with no involvement of encumbrances, warrants, convertible securities, or other complex instruments. The mutual fund holds no voting rights other than those derived from its equity shareholding in the company.
Historical Stock Returns for Sanathan Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.39% | +14.31% | +7.74% | -13.46% | +16.33% | +11.60% |
Will Bandhan Mutual Fund continue accumulating shares in Sanathan Textiles beyond the 5% threshold, potentially signaling a long-term strategic investment?
How might this institutional interest from Bandhan Mutual Fund impact Sanathan Textiles' stock price and trading volumes in the coming quarters?
What specific growth prospects or financial metrics in the textile sector attracted Bandhan's focused and small-cap funds to increase their positions?
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