Wasatch Advisors LP reduces shareholding in Elgi Equipments to 5.197%

Wasatch Advisors LP, a US-based investment firm, has reduced its shareholding in Elgi Equipments Ltd through an open market sale transaction. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The investment firm sold 43,837 shares of Elgi Equipments on December 12, 2025, through open market transactions. This sale represents a 0.014% reduction in the company's total share capital.

Parameter	Details
Shares Sold	43,837
Transaction Date	December 12, 2025
Mode of Sale	Open Market
Percentage Reduction	0.014%

Shareholding Position

Following the transaction, Wasatch Advisors LP's shareholding in Elgi Equipments has been adjusted as detailed below:

Holding Period	Number of Shares	Percentage Holding
Before Transaction	16,508,907	5.211%
After Transaction	16,470,470	5.197%
Net Change	-43,837	-0.014%

Company Share Capital

Elgi Equipments Ltd maintains a total equity share capital of ₹31.69 crores, based on a par value of ₹1.00 per share. The company's total issued shares stand at 31,69,09,000, with the same figure representing the diluted share capital.

Regulatory Compliance

The disclosure was submitted to both the National Stock Exchange of India Ltd (NSE) and BSE Limited on December 13, 2025. Dan Thurber, Vice President and General Counsel of Wasatch Advisors LP, signed the disclosure on behalf of the firm from their Salt Lake City office.

About the Acquirer

Wasatch Advisors LP is based at 505 Wakara Way, 3rd Floor, Salt Lake City, UT 84108, USA. The firm does not belong to the promoter or promoter group of Elgi Equipments Ltd and operates as an independent institutional investor.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.68%	-3.55%	-6.73%	-10.12%	-22.62%	+204.30%

Mitsubishi UFJ Financial Group (MUFG) has significantly reduced its indirect stake in Elgi Equipments , an Indian company, through a strategic divestment of its subsidiaries. This move marks a notable shift in MUFG's investment portfolio in the Indian market.

Key Details of the Transaction

Aspect	Before Sale	After Sale	Change
MUFG's Shareholding	5.08%	2.11%	-2.97%
Number of Shares Held	8,055,055	6,674,650	-1,380,405
Total Voting Capital	315,701,778	315,701,778	0

Transaction Highlights

Date of Sale: November 25, 2025
Entities Sold: First Sentier Investors (Hong Kong) Limited and First Sentier Investors (Singapore)
Mode of Sale: Indirect sale through divestment of subsidiaries

The transaction involved the sale of 1,380,405 shares, reducing MUFG's total shareholding from 8,055,055 to 6,674,650 shares. This reduction brings MUFG's stake below the 5% threshold, which often has implications for regulatory reporting and influence over company decisions.

Implications and Context

This divestment by MUFG, a major global financial group, could signal a shift in its investment strategy in the Indian market or a reallocation of its portfolio. For Elgi Equipments, this change in ownership structure might lead to potential changes in investor relations and possibly in strategic direction, depending on the nature of MUFG's previous involvement.

Investors and market analysts may watch closely to see if this move is part of a larger trend of foreign institutional investors adjusting their positions in the Indian market, or if it's specific to MUFG's strategy for Elgi Equipments.

As per regulatory requirements, MUFG has informed the stock exchanges - BSE Limited and National Stock Exchange of India Ltd - about this change in shareholding, ensuring transparency in the market.

For Elgi Equipments shareholders, while this transaction doesn't directly impact the company's operations, it represents a significant change in the company's ownership landscape.