Axis Mutual Fund, managed by Axis Asset Management Company Limited, has divested 0.32% of its equity shares in Arvind Fashions Limited. This disposal, which occurred on November 09, 2026, reduced Axis MF’s total holding to 2.91%. The transaction was conducted through open market sales and falls under the standard portfolio investments by mutual fund schemes, aligning with SEBI disclosure regulations.
Disposal of Arvind Fashions Shares
Axis Asset Management Company Limited, acting as the Investment Manager for Axis Mutual Fund, has disclosed the disposal of equity shares in Arvind Fashions Limited. The transaction involved the sale of 0.32% of the company’s equity share capital on November 09, 2026. This action resulted in Axis Mutual Fund’s total shareholding in Arvind Fashions reducing to 2.91%.
Regulatory Compliance and Transaction Details
The disposal was executed in the ordinary course of investment through open market transactions by various schemes of Axis Mutual Fund. This disclosure is made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting of share disposals exceeding 2% of the equity share capital. The total number of shares disposed of by Axis Flexi Cap Fund was 4,28,610, representing the 0.32% stake.
Holding Before and After Disposal
Before the disposal under consideration, Axis Mutual Fund, along with its Persons Acting in Concert (PACs), held 43,24,346 shares, amounting to 3.23% of the total paid-up share capital of Arvind Fashions Limited. Following the disposal of 4,28,610 shares, the holding has been reduced to 38,95,736 shares, constituting 2.91% of the paid-up share capital.
Source: BSE
