SBI Mutual Fund has disclosed a notable reduction in its holdings in logistics powerhouse BlackBuck Ltd (formerly Zinka Logistics Solutions), dipping below the 5% threshold after open-market sales. This filing under SEBI's takeover rules highlights portfolio tweaks amid fluctuating markets, with the fund's stake dropping over 2% from its last reported level in late 2024. As investors eye the logistics sector's growth, this move adds intrigue to BlackBuck's journey on BSE and NSE. Dive into the details shaping this financial update.
- Triggering Disclosure Threshold The fund's stake decreased by more than 2% from the previous disclosure of 6.4630% in November 2024, prompting this mandatory report under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Recent Sale Breakdown On February 12, 2026, SBI Mutual Fund sold 4,97,698 shares, equating to 0.2742% of BlackBuck's paid-up capital, executed via open-market transactions.
- Pre-Sale Holding Snapshot Before the sale, the fund held 84,97,698 shares, representing 4.6822% of the company's total voting capital.
- Post-Sale Holding Update After the transaction, holdings stood at 80,00,000 shares, or 4.4079% of BlackBuck's paid-up share capital.
- Company Capital Structure BlackBuck's equity share capital remains Rs. 18,14,91,278, consisting of 18,14,91,278 equity shares with a face value of Rs. 1 each, unchanged before and after the sale.
- No Dilution or Encumbrances The disclosure notes no diluted share capital implications, encumbrances, voting rights outside shares, or convertible instruments involved in the holdings.
- Listing and Exchange Details BlackBuck shares are listed on BSE Limited and the National Stock Exchange of India Limited, with copies of the disclosure sent to both for compliance.
- Authorized Signatories The filing is authorized by Vinaya Datar (Chief Compliance Officer & Company Secretary), with signatures from Neeraj Kumar (Dealer) and Aparna Nirgude (Chief Risk Officer).
- Addressed to Company Officials The letter is directed to Barun Pandey, Company Secretary and Compliance Officer at BlackBuck's Bengaluru headquarters on Panathur Main Road.
- Broader Market Context This reduction reflects ongoing adjustments in mutual fund portfolios, potentially influenced by sector dynamics in logistics and broader economic trends.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice, financial advice, or any form of recommendation to buy, sell, or hold securities. Market conditions can change rapidly, and readers are advised to conduct their own research or consult with qualified financial professionals before making any investment decisions. The News Strike is not responsible for any losses incurred based on this content.
