Nippon Life India Mutual Fund, acting through Nippon Life India Trustee Limited A/c, has acquired 19,98,312 shares of Bajel Projects Limited, according to a disclosure on September 12, 2025. This acquisition falls under the purview of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The acquisition increased Nippon Life India Mutual Fund's holding to 85,46,801 shares, representing 7.3921% of the total share/voting capital. These shares were purchased through open market transactions conducted between June 02, 2025, and September 10, 2025.
| Category | Before Acquisition | After Acquisition | Shares Acquired |
|---|---|---|---|
| Shares carrying voting rights | 65,48,489 (5.6638%) | 85,46,801 (7.3921%) | 19,98,312 |
| Total | 65,48,489 (5.6638%) | 85,46,801 (7.3921%) | 19,98,312 |
Prior to this acquisition, Nippon Life India Mutual Fund held 65,48,489 shares, which constituted 5.6638% of the voting capital. Following the acquisition, their holding has increased to 85,46,801 shares, representing 7.3921% of the voting capital.
The equity share capital of Bajel Projects Limited remains at ₹23,12,41,070, comprising 11,56,20,535 shares with a face value of ₹2 per share, both before and after the acquisition.
Nippon Life India Asset Management Limited's authorized signatory signed the disclosure.
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