HDFC Mutual Fund, through its various schemes managed by HDFC Asset Management Company Limited, has increased its holding in UTI Asset Management Company Limited to 5.28%. This substantial acquisition, totaling 5,02,179 equity shares, was made via the open market and signifies a strategic increase in stake. The transaction occurred on September 1, 2026, reflecting an active portfolio management approach by HDFC Mutual Fund.
HDFC Mutual Fund Increases UTI AMC Stake
HDFC Asset Management Company Limited, acting as the investment manager for HDFC Mutual Fund, has announced a significant increase in its aggregate holdings in UTI Asset Management Company Limited. As of the close of business hours on September 1, 2026, the mutual fund schemes collectively held 5.28% of the paid-up equity share capital of UTI Asset Management Company Limited.
Acquisition Details
The acquisition involved purchasing 5,02,179 equity shares, representing 0.39% of the total diluted share capital of UTI Asset Management Company Limited. This transaction was conducted through the open market. Prior to this acquisition, HDFC Mutual Fund schemes held 62,82,608 shares, amounting to 4.89% of the voting rights.
The total paid-up equity share capital of UTI Asset Management Company Limited is stated as Rs. 1,28,53,90,280, comprising 12,85,39,028 equity shares of Rs. 10/- each. The announcement confirms that the equity share capital and total voting capital of the target company remain unchanged before and after the said acquisition, which was effected on September 1, 2026.
Source: BSE
