NewsOrders & DealsKotak Mahindra Mutual Fund Acquires 5.38% Stake in KSH International Through Open Market PurchaseKotak Mahindra Mutual Fund Acquires 5.38% Stake in KSH International Through Open Market Purchase
Kotak Mahindra Mutual Fund (KMMF) has acquired a 5.38% stake in KSH International through open market purchases, up from its previous 3.07% holding. KMMF bought 19.62 lakh equity shares of KSH International, increasing its total shareholding to 36.45 lakh shares. The acquisition was made through various schemes of the mutual fund and was disclosed to stock exchanges in compliance with SEBI regulations.
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Kotak Mahindra Mutual Fund (KMMF) has acquired a 5.38% stake in KSH International through open market purchases, significantly increasing its holding from 3.07%. The mutual fund purchased 19.62 lakh equity shares of KSH International, as disclosed to the stock exchanges.
Acquisition Details
KMMF acquired 19,62,496 equity shares of KSH International through open market transactions. This purchase was executed through various schemes of the mutual fund, demonstrating a strategic investment approach across its portfolio.
| Parameter | Details |
|---|---|
| Shares Acquired | 19,62,496 equity shares |
| Percentage Acquired | 2.31% |
| Target Company | KSH International |
Shareholding Pattern Changes
The acquisition significantly altered KMMF's shareholding position in KSH International:
| Holding Period | Number of Shares | Percentage Holding |
|---|---|---|
| Before Acquisition | 20,83,341 | 3.07% |
| Shares Acquired | 19,62,496 | 2.31% |
| After Acquisition | 36,45,837 | 5.38% |
Company Information
KSH International's equity shares are listed on both major Indian stock exchanges - BSE Limited and National Stock Exchange of India Limited. The company maintains an equity share capital of ₹33.88 crores, comprising 6.78 crore equity shares of ₹5 each.
Regulatory Compliance
The disclosure was made in compliance with regulatory requirements, particularly Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation mandates disclosure when an acquirer's shareholding crosses the 5% threshold in a listed company.
This acquisition represents a significant investment by KMMF, one of India's prominent mutual fund houses, resulting in a notable stake in KSH International across its various investment schemes.
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