Nippon India Mutual Fund, acting on behalf of Nippon Life India Asset Management, has disclosed the sale of shares in Electronics Mart India Limited. The transaction resulted in a reduction of their holding by 0.1440% of the total diluted share capital. This disclosure is made in compliance with SEBI’s substantial acquisition regulations, detailing the change in shareholding post-sale.
Shareholding Adjustment in Electronics Mart India
Nippon India Mutual Fund, managed by Nippon Life India Asset Management, has completed a transaction involving the sale of shares in Electronics Mart India Limited. The sale, executed under the Open Market mode, has led to a decrease in the fund’s shareholding. The disclosure confirms that the fund sold 5,54,085 shares, representing 0.1440% of the company’s total equity and voting capital.
Transaction Details and Compliance
The sale transactions took place during the period from September 27, 2023, to July 28, 2026. Following this disposal, Nippon India Mutual Fund’s aggregate holding in Electronics Mart India now stands at 1,13,41,702 shares, accounting for 2.9478% of the total diluted share capital. The company filing adheres to the requirements of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Company’s Capital Structure Unchanged
The total equity share capital and total voting capital of Electronics Mart India Limited remain unchanged at Rs. 3,84,74,87,620/-, reflecting 38,474,876 shares with a face value of Rs. 10 each. This consistent capital structure underpins the transaction’s focus on the percentage change in shareholding rather than a fundamental alteration of the company’s overall capital base.
Source: BSE
