Nippon Life India Mutual Fund, acting on behalf of Nippon India Mutual Fund, has sold 9,99,556 shares of Angel One Limited. The sale, conducted through open market transactions between April 8, 2021, and September 2, 2026, resulted in a reduction of the fund’s stake to 3.0363%. This disclosure is made in accordance with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011.
Share Disposal by Nippon India Mutual Fund
Nippon Life India Asset Management Limited, acting as the investment manager for Nippon India Mutual Fund, has formally disclosed the sale of a significant number of shares in Angel One Limited. The transaction involved the disposal of 9,99,556 equity shares, representing 0.1094% of the total voting capital of Angel One Limited. This disposal brings the fund’s total holding in Angel One to 2,77,52,878 shares, equating to 3.0363% of the total voting capital.
Transaction Details and Regulatory Compliance
The sale transactions took place during the period from April 08, 2021, to September 02, 2026, through open market operations. The disclosure adheres to the requirements of Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this sale, Nippon India Mutual Fund held 2,87,52,434 shares, constituting 3.1457% of the total voting capital.
Angel One’s Capital Structure
The total equity share capital of Angel One Limited before the said acquisition/sale was Rs. 91,40,36,506/-, representing 91,40,36,506 shares at a face value of Re. 1 per share. This capital structure remained the same after the disposal.
Source: BSE
