Kotak Mahindra Mutual Fund (KMMF) has disclosed the acquisition of a substantial holding in Avanti Feeds Ltd. KMMF, acting through its various Schemes, has acquired equity shares resulting in a total holding of 5.0231% of the total share capital. The acquisition was executed in the Open Market on March 10, 2026, marking the entry into the mandatory disclosure threshold set by the regulations.
Disclosure of Substantial Acquisition
Kotak Mahindra Mutual Fund (KMMF), acting as the Investment Manager for Kotak Mahindra Mutual Fund, has formally notified the stock exchanges regarding a change in shareholding in Avanti Feeds Ltd. The acquisition triggered the requirement for disclosure under the regulations governing substantial acquisitions.
Details of the Shareholding Change
Prior to the current transaction, the holding of KMMF and its Persons Acting in Concert (PACs) in Avanti Feeds Ltd. stood at 4.9776% of the total issued share capital, represented by 6,781,738 equity shares carrying voting rights.
Acquisition Details
The details of the recent acquisition are as follows:
- Shares carrying voting rights acquired: 62,044 shares.
- This acquisition represents 0.0455% of the total share capital.
- The mode of acquisition used for this transaction was the Open Market.
- The date of acquisition was recorded as March 10, 2026.
Post-Acquisition Holding
Following the purchase of 62,044 shares, the total holding of KMMF along with its PACs stands at 6,843,782 equity shares, which translates to a total voting share of 5.0231% of the Target Company’s capital. It is noted that the total diluted share/voting capital of the Target Company remains unchanged at 13,62,45,630 equity shares of Rs. 1 both before and after the said acquisition.
Source: BSE
