Motilal Oswal Asset Management Company Limited, acting as the investment manager for various Motilal Oswal Mutual Fund schemes, has reported the acquisition of shares in Religare Enterprises Ltd. The disclosure, filed under SEBI’s substantial acquisition regulations, indicates that the mutual fund schemes have acquired 39,99,781 shares, representing 1.1722% of the total voting capital. Following this transaction, the holding of these schemes in Religare Enterprises amounts to 75,52,362 shares, or 2.2133%.
Motilal Oswal MF Discloses Share Acquisition in Religare Enterprises
Motilal Oswal Asset Management Company Limited has formally disclosed a significant share acquisition in Religare Enterprises Ltd. This disclosure was made in accordance with Regulation 29(2) of the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The acquisition was executed by schemes managed by Motilal Oswal Mutual Fund.
Transaction Details
The reported transaction involves the disposal of 39,99,781 shares carrying voting rights in Religare Enterprises Ltd. These shares constituted 1.1722% of the total voting capital before the disposal consideration. Following this transaction, the total holding of the concerned Motilal Oswal Mutual Fund schemes in Religare Enterprises Ltd stands at 75,52,362 shares. This represents 2.2133% of the total diluted share/voting capital of the target company after the said disposal. The acquisition mode is noted as ‘Market Transactions’, and the date of disposal is listed as August 31, 2026.
Pre- and Post-Acquisition Holdings
Prior to the disposal, the Motilal Oswal Mutual Fund schemes held 1,15,52,143 shares, accounting for 3.3854% of the total share capital. The total diluted share/voting capital of Religare Enterprises Ltd before the disposal was 34,12,33,742 equity shares (Face value of Rs. 10 each). This figure remained the same after the disposal, indicating that the disposal was part of a larger transaction or rebalancing within the fund’s portfolio.
Source: BSE
