Nippon Life India Asset Management Limited has disclosed the sale of 4,99,917 shares of UTI Asset Management Company Limited. The transaction, executed on behalf of Nippon India Mutual Fund, represents a disposal of approximately 0.3889% of the total voting capital. The sale took place via open market transactions between July 3, 2023, and September 1, 2026, impacting the fund’s holdings in UTI AMC.
Disclosure of Share Disposal
Nippon Life India Asset Management Limited has officially reported the sale of a significant block of shares in UTI Asset Management Company Limited. The shares were disposed of by Nippon India Mutual Fund, as part of its investment portfolio adjustments.
Transaction Details
The disclosure indicates that 4,99,917 shares of UTI Asset Management Company were sold. This quantity represents 0.3889% of the total issued share capital of UTI AMC. The transaction was conducted through open market operations, with sales occurring during the period from July 03, 2023, to September 01, 2026.
Impact on Holdings
Prior to this sale, Nippon India Mutual Fund held 45,75,418 shares, constituting 3.5596% of UTI AMC’s total voting capital. Following the disposal, the fund’s holding has been reduced to 40,75,501 shares, which now represents 3.1706% of the total voting capital. The total equity share capital of UTI Asset Management Company stands at Rs. 1,28,53,90,280/- (12,85,39,028 shares) with a face value of Rs. 10 per share.
Regulatory Compliance
This disclosure is made in accordance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in significant shareholding changes.
Source: BSE
