HDFC Mutual Fund Sells 2.01% Stake in Bajaj Electricals
The sale reduced HDFC Mutual Fund’s holding in Bajaj Electricals by 2.01 percentage points, although the fund continues to hold a stake of more than 7% in the company.
HDFC Mutual Fund Trims Its Stake in Bajaj Electricals
HDFC Mutual Fund has reduced its investment in Bajaj Electricals by selling shares held across its various schemes. Before the transaction, the fund held 1,06,94,318 shares, representing a 9.27% stake in the company.
After selling 23,25,060 shares, its holding fell to 83,69,258 shares, equivalent to 7.25% of Bajaj Electricals’ total share capital. The transaction was carried out through the open market, with HDFC Trustee Company Limited identified as the Person Acting in Concert (PAC).
Transaction Details and Revised Shareholding
- Company: Bajaj Electricals Limited
- Seller: HDFC Mutual Fund
- Shares Sold: 23,25,060 equity shares
- Transaction Method: Open market sale
- Transaction Date: October 26, 2026
- Shareholding Before the Sale: 1,06,94,318 shares, or 9.27%
- Shareholding After the Sale: 83,69,258 shares, or 7.25%
- Stake Reduction: Approximately 2.01 percentage points
- Participating Schemes: Various HDFC Mutual Fund schemes, including HDFC Housing Opportunities Fund and HDFC Small Cap Fund
- Person Acting in Concert (PAC): HDFC Trustee Company Limited
What to Watch Next
Investors will track further shareholding disclosures to see whether HDFC Mutual Fund makes additional changes to its position in Bajaj Electricals. Future institutional holding updates and the company’s financial performance may also influence market sentiment towards the stock.
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