Nomura Asset Management has disclosed a reduction in its shareholding of Azad Engineering Limited. Through a series of secondary market sales executed between June 16, 2025, and April 27, 2026, the firm disposed of 1,321,713 shares. Following these transactions, Nomura’s total holding in the company has decreased from 5.13% to 3.08%.
Details of Share Disposal
Nomura Asset Management, acting on behalf of several managed funds, has completed a divestment of shares in Azad Engineering Limited. As of April 27, 2026, the entity offloaded 1,321,713 shares via secondary market transactions. This strategic reduction marks a shift in the investor’s position within the company compared to their previous reporting status.
Updated Shareholding Position
Prior to these transactions, Nomura held 3,313,396 shares, representing a 5.13% stake in the total paid-up equity capital of Azad Engineering. With the latest divestment of 2.05%, the aggregate holding now stands at 1,991,683 shares, which corresponds to 3.08% of the company’s total equity. The transactions were carried out across various accounts, including the Nomura India Investment Fund and associated institutional portfolios.
Source: BSE
