Bandhan Mutual Fund has announced the acquisition of equity shares in Styrenix Performance Materials Limited. The fund acquired 0.0853% of the company’s shares on October 29, 2026, increasing its total holding to 5.0062% of the paid-up capital. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Bandhan Mutual Fund Increases Stake in Styrenix Performance Materials
Bandhan Mutual Fund, through its various schemes, has reported a substantial acquisition of equity shares in Styrenix Performance Materials Limited. The transaction, which took place on October 29, 2026, involved the acquisition of an additional 0.0853% of the company’s equity shares.
Holding Crosses Threshold
This incremental acquisition has resulted in Bandhan Mutual Fund’s total holding in Styrenix Performance Materials Limited increasing to 5.0062% of the company’s total paid-up capital and voting shares. The disclosure has been made as per Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The format prescribed under the respective regulations has been duly followed.
Disclosure Details
The before-acquisition holding of Bandhan Mutual Fund, along with Persons Acting in Concert (PACs), was 4.9209%, comprising 8,65,366 shares carrying voting rights. The acquisition of 15,000 shares, representing 0.0853% of the total share capital, brings the post-acquisition total to 8,80,366 shares, or 5.0062%.
The mode of acquisition was open market. The equity share capital of Styrenix Performance Materials Limited before and after the said acquisition remains unchanged at INR 17,58,56,250.00, representing 1,75,85,625 equity shares of face value of Rs. 10/- each.
Source: BSE
