HDFC Mutual Fund Ups Its Game: Boosts Stake In Timken India To 5.026%
By Ankur Chandra | Updated at: Jun 6, 2025 04:43 PM IST
BENGALURU, June 5, 2025 — HDFC Mutual Fund has increased its stake in Timken India (BSE: 522113) to 5.026%, triggering disclosure obligations under Regulation 29(1) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011.
Acquisition Snapshot
As of the end of trading on June 4, 2025, HDFC Mutual Fund had increased its interest in Timken India by buying 37,80,344 equity shares. This now represents 5.026% of the company’s total paid-up equity capital. The regulatory filing says that this increase happened because 39,218 shares were bought on the open market.
| Particulars | Before Acquisition | After Acquisition |
|---|---|---|
| Number of Shares Held | 37,41,126 | 37,80,344 |
| % of Paid-Up Equity Capital | 4.974% | 5.026% |
| Total Paid-Up Capital of Company | ₹75,21,87,340 | ₹75,21,87,340 |
| Number of Equity Shares Outstanding | 7,52,18,734 | 7,52,18,734 |
The acquisition was made by a group of HDFC Mutual Fund schemes, including HDFC BSE 500 ETF, HDFC Business Cycle Fund, HDFC Dividend Yield Fund, HDFC NIFTY500 MULTICAP 50:25:25 INDEX FUND, among others. All purchases were executed by HDFC Trustee Company Limited acting on behalf of these schemes.
Compliance Trigger
Crossing the 5% threshold necessitated this disclosure under SEBI regulations, aimed at maintaining transparency in substantial shareholding movements within listed entities. As per the filing, there are no shares under encumbrance or acquired via convertible securities.
About Timken India Ltd
Timken India is a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products. The firm specializes in tapered roller bearings and has a strong presence across automotive and industrial segments.
About HDFC Mutual Fund
Managed by HDFC Asset Management Company Ltd it one of India’s largest mutual fund houses. HDFC Mutual Fund has a diverse portfolio of equity and debt schemes along with a strong investor base and institutional presence.
Conclusion
The acquisition shows that HDFC Mutual Fund is quite confident regarding Timken India’s long-term future. The fact that the mutual fund giant now owns 5% of the company shows that it believes in the company’s fundamentals and growth path.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/0412CD5A_0EF0_4B97_BFED_A360DAFAC105_120257.pdf
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