Motilal Oswal Mutual Fund has increased its stake in two leading listed companies, Kaynes Technology India Ltd and Dixon Technologies (India) Ltd, taking its shareholding beyond the 5% mark in both counters. The fund disclosed the acquisitions to the stock exchanges under Regulation 29(2) of SEBI’s Substantial Acquisition of Shares and Takeover Regulations, 2011.
In Kaynes Technology, multiple schemes of the mutual fund, including Motilal Oswal Focused Fund, Midcap Fund, Flexi Cap Fund, ELSS Tax Saver Fund, Nifty Smallcap 250 Index Fund, Nifty 500 Index Fund, Large and Midcap Fund, and others, acquired an additional 2,25,015 shares through market transactions. This represents 0.3361% of the company’s equity share capital. Prior to the acquisition, the schemes held 31,41,937 shares, accounting for 4.6925% of the equity. After the purchase, the total holding rose to 33,66,952 shares or 5.0285% of the equity capital.
In Dixon Technologies, several schemes including Motilal Oswal Nifty Midcap 100 ETF, Focused Fund, Midcap Fund, Flexi Cap Fund, ELSS Tax Saver Fund, Balanced Advantage Fund, Nifty Midcap 150 Index Fund, Nifty 500 Index Fund, Large and Midcap Fund, Multi Asset Fund, Nifty 200 Momentum 30 ETF, BSE Quality ETF, and others, acquired an additional 65,809 shares through market transactions. This accounts for 0.1088% of the company’s equity. Before the acquisition, the schemes held 29,97,434 shares, representing 4.9563% of the equity. After the transaction, the total holding increased to 30,63,242 shares or 5.0651% of the equity capital.
The acquisitions in both companies were executed through market transactions in June and July 2024, while the disclosures were filed with the stock exchanges on August 19, 2025. Kaynes Technology has a total equity base of 6,69,57,093 shares of face value ₹10 each, while Dixon Technologies has 6,04,77,676 shares of face value ₹2 each. Both stocks are listed on BSE and NSE.
Disclaimer: The above article is based on disclosures made to the stock exchanges. It is for informational purposes only and should not be considered as investment advice.