Nippon Life India Asset Management has increased its shareholding in Carborundum Universal Limited. Through recent open market purchases, the firm acquired an additional 4,00,110 shares, representing a 0.21% stake. This acquisition brings Nippon Life’s total holding in the target company to 98,23,287 shares, equivalent to 5.1568% of the total voting capital. The transactions were conducted between December 27, 2013, and May 15, 2026.
Acquisition Summary
Nippon Life India Asset Management has finalized a series of open market acquisitions of shares in Carborundum Universal Limited. These strategic purchases, executed between December 27, 2013, and May 15, 2026, signify a continued investment interest in the target company.
Shareholding Breakdown
Before these transactions, Nippon Life held 94,23,177 shares, accounting for a 4.9467% stake in the company. Following the acquisition of 4,00,110 shares, the total shareholding has risen to 98,23,287 shares. This shift marks an increase to 5.1568% of the total voting capital of the target entity.
Company Capital Structure
As per the latest disclosure, Carborundum Universal Limited maintains an equity share capital of Rs 19,04,93,502, consisting of 19,04,93,502 equity shares with a face value of Re. 1 per share. The investment activity highlights the active participation of institutional investors in the company’s equity base.
Source: BSE
