HDFC Mutual Fund Reduces Stake in Mahindra Holidays to 5.13%

HDFC Mutual Fund, through its various schemes, has reduced its stake in Mahindra Holidays & Resorts India Ltd. from 7.34% to 5.13% as of May 23, 2025, according to regulatory filings made under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

Key Transaction Details

The disposal of 16.18 lakh shares led to a 2.21% decrease in shareholding when compared to the previously reported 7.34% holding disclosed in 2018.

Involved HDFC Schemes

The following schemes were involved in the transaction, acting in concert:

• HDFC BSE 500 ETF
• HDFC BSE 500 Index Fund
• HDFC Dividend Yield Fund
• HDFC Children’s Fund
• HDFC Hybrid Equity Fund
• HDFC Retirement Savings Fund – Equity Plan
• HDFC Retirement Savings Fund – Hybrid Equity Plan

Share Capital Context

• Total Paid-up Capital of Mahindra Holidays: ₹2,02,01,69,730, comprising 20,20,16,973 shares of ₹10 each.
• There was no encumbrance, pledge, or invocation of shares involved in the transaction.
• The transaction does not involve warrants or convertible securities.

Regulatory Compliance

The disclosure has been filed with both the National Stock Exchange of India Ltd. and BSE Ltd., and adheres to SEBI guidelines under Regulation 29(2) concerning substantial acquisition and disposal of shares.

Summary

With this sale, HDFC Mutual Fund’s aggregate holding in Mahindra Holidays & Resorts India Ltd. has dipped just marginally above the 5% regulatory threshold, reinforcing its position as a significant but not dominant institutional investor in the company.

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REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/A1A7026A_435E_42B2_AD92_903FFC143D70_084724.pdf