Motilal Oswal Mutual Fund Reports Disposal of Coforge Shares Under SEBI Takeover Regulations
Motilal Oswal Mutual Fund disclosed the disposal of 55 shares of Coforge Ltd on April 30, 2026, via market transactions, under SEBI Takeover Regulations. Prior to the disposal, the fund's 16 schemes collectively held 2,58,13,477 shares (6.0080%), and post-disposal the holding stood at 2,58,13,532 shares (6.0080%). The total equity share capital of Coforge Ltd remained unchanged at 42,96,47,126 shares with a face value of Rs. 2 each. The filing was submitted to BSE Limited on May 05, 2026, by Aparna Karmase, Head – Compliance, Legal and Secretarial.

*this image is generated using AI for illustrative purposes only.
Motilal Oswal Mutual Fund has reported a disposal of shares in Coforge Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure, signed by Aparna Karmase, Head – Compliance, Legal and Secretarial at Motilal Oswal Asset Management Company Limited, was filed on May 05, 2026, and pertains to a market transaction executed on April 30, 2026.
Transaction Overview
The disposal involved 55 shares carrying voting rights, representing 0.0001% of Coforge Ltd's total share and voting capital. The transaction was carried out through market transactions, and the acquirers are not part of the promoter or promoter group of Coforge Ltd. The following table summarises the key details of the disposal:
| Parameter: | Details |
|---|---|
| Target Company: | Coforge Ltd |
| Mode of Disposal: | Market Transactions |
| Date of Disposal: | April 30, 2026 |
| Date of Filing: | May 05, 2026 |
| Shares Disposed: | 55 |
| % of Total Share/Voting Capital Disposed: | 0.0001% |
| Equity Share Capital of TC (Before & After): | 42,96,47,126 (Face value of Rs. 2 each) |
Pre and Post-Disposal Shareholding
The disclosure provides a detailed comparison of the fund's aggregate holding in Coforge Ltd before and after the disposal. Despite the transaction, the percentage stake remained unchanged at 6.0080%, as the disposal was minimal relative to the total capital base.
| Metric: | Before Disposal | After Disposal |
|---|---|---|
| Shares Carrying Voting Rights: | 2,58,13,477 | 2,58,13,532 |
| % of Total Share/Voting Capital: | 6.0080% | 6.0080% |
| % of Total Diluted Share/Voting Capital: | 6.0080% | 6.0080% |
| Total Holding (a+b+c+d): | 2,58,13,477 | 2,58,13,532 |
Schemes Involved
The disclosure was made collectively on behalf of 16 schemes of Motilal Oswal Mutual Fund acting as Persons Acting in Concert (PAC). The schemes involved are:
- Motilal Oswal Nifty Midcap 100 ETF
- Motilal Oswal Midcap Fund
- Motilal Oswal Flexi Cap Fund
- Motilal Oswal Balanced Advantage Fund
- Motilal Oswal Nifty Midcap 150 Index Fund
- Motilal Oswal Nifty 500 Index Fund
- Motilal Oswal Nifty 500 ETF
- Motilal Oswal Quant Fund
- Motilal Oswal Multi Cap Fund
- Motilal Oswal Business Cycle Fund
- Motilal Oswal Digital India Fund
- MO Nifty MidSmall IT and Telecom Index Fund
- Motilal Oswal Arbitrage Fund
- Motilal Oswal Innovation Opportunities Fund
- Motilal Oswal Nifty Midcap 150 Momentum 50 ETF
- Motilal Oswal BSE 1000 Index Fund
Regulatory Context
The filing was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, which mandates disclosure upon acquisition or disposal of shares or voting rights beyond prescribed thresholds. Coforge Ltd's shares are listed on BSE Limited and the National Stock Exchange of India Limited. The total equity share capital and diluted share/voting capital of Coforge Ltd remains at 42,96,47,126 shares (face value of Rs. 2 each) both before and after the disposal.
Historical Stock Returns for Coforge
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.55% | +6.62% | +5.52% | -27.54% | -14.60% | +121.31% |
Could Motilal Oswal Mutual Fund's continued ~6% stake in Coforge signal a long-term conviction hold, or are further gradual disposals likely as part of portfolio rebalancing?
How might Coforge's upcoming quarterly earnings performance influence institutional investors like Motilal Oswal to adjust their midcap IT sector allocations?
Given that 16 Motilal Oswal schemes collectively hold Coforge as PAC, how could potential regulatory changes to PAC disclosure thresholds impact future reporting obligations for large mutual funds?


































