Nippon Life India Asset Management Ltd has disclosed the sale of shares in Chalet Hotels Limited, on behalf of Nippon India Mutual Fund. The transaction involved the sale of 8,71,331 shares, representing 0.3979% of the total voting capital. This sale reduces Nippon India Mutual Fund’s holding to 63,38,003 shares, or 2.8941% of the voting capital. The transaction occurred in the open market.
Share Disposal Announcement
Nippon Life India Asset Management Ltd has formally announced the sale of shares in CHALET HOTELS LIMITED. This disclosure is made on behalf of the Nippon India Mutual Fund, in compliance with regulatory requirements concerning substantial acquisition of shares and takeovers. The announcement highlights the details of the transaction, including the number of shares sold and the impact on the fund’s holdings.
Transaction Details
The sale involved a total of 8,71,331 shares of Chalet Hotels Limited. This quantity represents 0.3979% of the total voting capital of the target company. Prior to this sale, the holding by Nippon India Mutual Fund in Chalet Hotels Limited stood at 72,09,334 shares, accounting for 3.2920% of the total voting capital. Following the sale, the fund’s holding has reduced to 63,38,003 shares, now representing 2.8941% of the total voting capital. The mode of acquisition/sale was the Open Market.
Holding Post-Sale
After the completed sale, Nippon India Mutual Fund’s total holding in Chalet Hotels Limited consists of 63,38,003 shares carrying voting rights. This represents 2.8941% of the total voting capital. The announcement also confirms that the equity share capital and total voting capital of Chalet Hotels Limited remain consistent before and after the transaction, with a total of 21,89,94,127 shares outstanding at a face value of Rs. 10 per share.
Sale Period
The sale transactions that contributed to this disclosure took place during the period from September 16, 2019, to June 15, 2026. This extended period suggests a gradual disposal of shares over time, with the final reporting reflecting the aggregate movement within this timeframe.
Source: BSE
