Nippon Life India Asset Management has reduced its holding in Tejas Networks Limited. Following a series of open market transactions conducted between January 9, 2018, and April 21, 2026, the asset manager sold 2,14,882 shares. This divestment adjusted their total shareholding in the company from 3.1524% to 3.0315% of the total paid-up equity capital.
Details of Share Divestment
Nippon Life India Asset Management, acting on behalf of the Nippon Life India Mutual Fund, has completed the sale of 2,14,882 shares of Tejas Networks Limited. This transaction was executed through open market operations. Prior to these divestments, the fund held 56,03,096 shares, representing 3.1524% of the target company’s equity capital.
Updated Holding Profile
Following the conclusion of these sales, the fund’s stake in Tejas Networks now stands at 53,88,214 shares. This brings their total ownership down to 3.0315% of the total equity share capital of the company. The equity capital of Tejas Networks is valued at Rs. 1,77,74,18,620/-, comprising 17,77,41,862 shares with a face value of Rs. 10 per share.
Transaction Context
The shares were liquidated gradually during a period extending from January 9, 2018, to April 21, 2026. Nippon Life India Mutual Fund maintains its investment activities in line with its portfolio strategy, and this reduction reflects ongoing adjustments within its holdings for Tejas Networks Limited.
Source: BSE
