Nippon Life India Asset Management has disclosed its acquisition of shares in Devyani International Limited, acting on behalf of Nippon India Mutual Fund. The disclosure, made under SEBI regulations, details a purchase of 949,925 voting shares. This transaction resulted in an increase of the fund’s total voting shareholding to 7.0597%. The acquisition occurred via open market transactions between November 17, 2025, and June 11, 2026.
Share Acquisition Disclosure
Nippon Life India Asset Management Limited has formally announced a disclosure concerning the substantial acquisition of shares in Devyani International Limited. This notification, issued on behalf of the Nippon India Mutual Fund, adheres to the reporting requirements under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of the Transaction
The disclosure reveals that the fund acquired an additional 949,925 shares carrying voting rights. Prior to this acquisition, the total holding of the acquirer and persons acting in concert (PAC) stood at 86,092,392 shares, representing 6.9827% of the total voting capital. Following the recent purchase, the aggregate holding has increased to 87,042,317 shares, bringing the total voting shareholding to 7.0597%.
Acquisition Method and Timeline
The shares were acquired through open market transactions. The period during which these purchase transactions were executed spans from November 17, 2025, to June 11, 2026. The equity share capital of Devyani International Limited, both before and after the said acquisition, remains at Rs. 1,23,29,39,791/-, with 1,23,29,39,791 shares at a face value of Re.1 per share.
Source: BSE
