Kotak Mahindra Mutual Fund has officially increased its holding in Poonawalla Fincorp Limited, crossing the 5% equity threshold. Through a series of open market acquisitions completed on April 7, 2026, the fund house purchased 702,046 equity shares. This strategic move brings the total stake of the mutual fund in the company to 5.0233%, reflecting continued investment confidence in the financial services firm.
Acquisition Overview
Kotak Mahindra Mutual Fund (KMMF) has further solidified its investment in Poonawalla Fincorp Limited. As per the latest disclosures, the fund house acquired 702,046 shares through the open market. This transaction was finalized on April 7, 2026, effectively increasing KMMF’s total shareholding in the target company from 4.9370% to 5.0233%.
Impact on Shareholding
Following this latest round of acquisition, Kotak Mahindra Mutual Fund now holds a total of 40,830,486 equity shares in Poonawalla Fincorp. The company’s total issued equity share capital consists of 81,28,17,658 shares, each with a face value of Rs. 2. By crossing the 5% mark, the fund house has reached a significant milestone in its investment portfolio for this particular entity, highlighting a tactical expansion in its position within the non-banking financial sector.
Source: BSE
