Nippon India Mutual Fund has significantly increased its shareholding in esab india Limited, acquiring additional equity shares through open market purchases that brought its total stake to 5.35% of the company's voting capital.

Acquisition Details

The mutual fund acquired 4,11,141 shares representing 2.67% of ESAB India's total share capital through open market transactions. This acquisition was executed over an extended period from October 16, 2020 to February 19, 2026, demonstrating a systematic accumulation strategy.

Company Structure and Capital

ESAB India Limited maintains a stable equity structure with a total share capital of Rs 15,39,30,200, comprising 1,53,93,020 shares at a face value of Rs. 10 per share. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Nippon India Mutual Fund, operating through Nippon Life India Trustee Limited, confirmed that it does not belong to the promoter or promoter group of ESAB India Limited.

Fund Management Details

The acquisition was executed by Nippon Life India Asset Management Limited on behalf of Nippon India Mutual Fund. The fund management company is headquartered at 30th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai, and maintains comprehensive contact details for investor relations and regulatory communications.

The systematic nature of this acquisition, spanning over five years, indicates a strategic long-term investment approach by the mutual fund in ESAB India's equity shares.

SBI Mutual Fund has announced a substantial reduction in its shareholding in esab india Limited, decreasing its stake from 9.23% to 6.56% of the paid-up share capital through a market sale transaction completed on February 19, 2026.

Transaction Details

The mutual fund sold 4,11,743 shares representing 2.67% of ESAB India's paid-up share capital through market transactions. This divestment brings SBI Mutual Fund's total holding to 10,09,490 shares, equivalent to 6.56% of the company's equity base.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. SBI Mutual Fund's Chief Compliance Officer and Company Secretary, Vinaya Datar, communicated the shareholding change to ESAB India's management on February 20, 2026.

The notification indicates that this represents a decrease of 2% from the previous disclosure made under the same regulation on March 02, 2021, when the reported holding was 8.59% of the paid-up share capital.

Company Information

ESAB India Limited's equity share capital remains unchanged at Rs 153,930,200, consisting of 1,53,93,020 equity shares with a face value of Rs. 10 each. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

Market Impact

The transaction was executed through open market sales, with SBI Mutual Fund operating under its various schemes maintaining its position as a significant institutional investor in ESAB India, albeit with a reduced stake. The mutual fund's decision to trim its holding reflects portfolio rebalancing activities across its investment schemes.

SBI Funds Management Limited, acting as the investment manager for SBI Mutual Fund, completed all necessary regulatory filings with both stock exchanges where ESAB India's shares are traded, ensuring full compliance with disclosure requirements for substantial shareholding changes.