Bandhan Mutual Fund has increased its shareholding in TARC Limited following an acquisition in the open market on April 29, 2026. Through its schemes, the mutual fund acquired 47,999 equity shares, pushing its total stake in the company to 5.0045%. This move reflects a strategic adjustment in the fund’s investment portfolio regarding the real estate developer.
Acquisition Details
On April 29, 2026, Bandhan Mutual Fund executed an open market purchase of 47,999 shares of TARC Limited. Prior to this transaction, the mutual fund held 147,20,190 shares, representing a 4.9883% stake in the target company. Following the acquisition, the total holding has risen to 147,68,189 shares, which accounts for 5.0045% of the total paid-up share capital.
Strategic Context
The acquisition was carried out through the Bandhan Small Cap Fund and Bandhan Nifty Total Market Index Fund. The transaction marks a notable milestone as it crosses the 5% threshold in shareholding for the company. The total equity capital of TARC Limited remains INR 59,01,92,670, divided into 29,50,96,335 equity shares with a face value of Rs. 2 per share.
Source: BSE
