SBI MF Acquires Additional Stake in Elevate Campuses
SBI Mutual Fund Elevate Campuses Acquisition Details
SBI Mutual Fund acquired 36,74,950 equity shares of Elevate Campuses Limited on September 29, 2026.
The shares were acquired through the Initial Public Offer (IPO) of Elevate Campuses.
The newly acquired shares represent approximately 2.18% of the company's paid-up share capital.
SBI Mutual Fund Holding Change
Before the acquisition, SBI Mutual Fund held 84,25,377 shares, representing 4.99% of Elevate Campuses' paid-up share capital.
Following the acquisition, SBI Mutual Fund's total holding increased to 1,21,00,327 shares.
The fund's revised holding stands at 7.18% of the company's paid-up share capital.
Elevate Campuses Shareholding Details
The disclosure states that Elevate Campuses has 16,85,31,037 equity shares of Rs. 1 each as its total equity share capital.
SBI Mutual Fund Elevate Campuses Acquisition Highlights
| Particular | Details |
|---|---|
| Acquirer | SBI Mutual Fund |
| Target Company | Elevate Campuses Limited |
| Shares Acquired | 36,74,950 |
| Acquisition Date | September 30, 2026 |
| Mode of Acquisition | Initial Public Offer allotment |
| Stake Acquired | 2.18% |
| Pre-Acquisition Holding | 84,25,377 shares (4.99%) |
| Post-Acquisition Holding | 1,21,00,327 shares (7.18%) |
| Total Equity Share Capital | 16,85,31,037 shares |
| Face Value | Rs. 1 per share |
| Regulatory Disclosure | Regulation 29(1), SEBI SAST Regulations, 2011 |
What to Watch Next
Investors may track subsequent stock exchange disclosures from SBI Mutual Fund and Elevate Campuses for any further changes in shareholding.
- Future filings may provide updates on changes in institutional ownership.
- Investors can monitor additional disclosures concerning the company's shareholding pattern.
- Regulatory filings may provide additional information following the IPO.
- Investors can also monitor listing-related developments and subsequent shareholding disclosures.
Note: The acquisition date appears as September 29, 2026 in the opening details and September 30, 2026 in the highlights section. Verify the applicable regulatory filing before publishing.
Disclaimer
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