Nippon Life India Mutual Fund has offloaded a portion of its equity stake in MTAR Technologies Limited through open market transactions. Following the sale of 20,000 shares, the mutual fund’s holding in the company has decreased from 5.0186% to 4.9535%. The divestment activity occurred between January 10, 2023, and May 21, 2026.
Details of Equity Divestment
Nippon Life India Mutual Fund, acting through Nippon Life India Trustee Limited, has adjusted its investment portfolio regarding MTAR Technologies Limited. The firm conducted a series of sale transactions in the open market, resulting in the disposal of 20,000 equity shares. This strategic move has effectively brought the total holding below the 5% threshold.
Impact on Shareholding Pattern
Prior to these transactions, the mutual fund held 15,43,686 shares, representing a 5.0186% stake in the company. Following the completion of the sales, the remaining holding stands at 15,23,686 shares, which accounts for 4.9535% of the total equity share capital of the target company. The total share capital of MTAR Technologies remains comprised of 3,07,59,591 shares with a face value of Rs. 10 per share.
Transaction Period
The divestment was executed over an extended period, spanning from January 10, 2023, to May 21, 2026. All transactions were conducted through the open market, reflecting standard portfolio adjustments by the asset management firm.
Source: BSE
