Axis Mutual Fund Disposes 1.46% Stake in Neogen Chemicals Ltd
Axis Asset Management Company Limited, managing the Axis Mutual Fund, has completed the disposal of a portion of its equity shares in Neogen Chemicals Limited. The sale was conducted in the open market on June 02, 2026, reducing the fund's holding in the target company.The schemes of Axis Mutual Fund disposed of 4,00,000 equity shares of Neogen Chemicals Limited, representing 1.46% of its share capital at the time of disposal. This transaction reduced the combined holding of Axis Mutual Fund from 5.50% to 4.04%.
The acquisition and subsequent disposal were carried out as part of the portfolio investments by the schemes of Axis Mutual Fund.
Holding Details Before and After Disposal
Prior to the disposal, the fund's total holding stood at 15,05,406 shares, equating to 5.50% of Neogen Chemicals Limited's equity share capital. Following the sale, the consolidated holding stands at 11,05,406 shares, which translates to 4.04%.The disposal involved Axis Mutual Fund (through Schemes of Axis Mutual Fund) and was executed in the open market. The stock exchanges where Neogen Chemicals Limited is listed include BSE Limited and National Stock Exchange of India Ltd. Both the previous and subsequent holdings are related to portfolio investments by the Mutual Fund schemes.
Scheme-wise Holdings Breakdown
The fund’s shareholding across various schemes is detailed as follows:Holdings Before Disposal (15,05,406 shares / 5.50%)
| Scheme Name | Quantity | Percentage of Paid-up Share Capital |
|---|---|---|
| Axis Small Cap Fund | 12,09,854 | 4.42% |
| Axis Flexi Cap Fund | 2,03,981 | 0.74% |
| Axis Innovation Fund | 73,201 | 0.27% |
| Axis Children's Fund | 18,370 | 0.07% |
| Total | 15,05,406 | 5.50% |
Holdings After Disposal (11,05,406 shares / 4.04%)
| Scheme Name | Quantity | Percentage of Paid-up Share Capital |
|---|---|---|
| Axis Business Cycles Fund | 8,09,854 | 2.96% |
| Axis Multicap Fund | 2,03,981 | 0.74% |
| Axis ELSS Tax Saver Fund | 73,201 | 0.27% |
| Axis Small Cap Fund | 18,370 | 0.07% |
| Total | 11,05,406 | 4.04% |
Financial Context
The equity share capital of Neogen Chemicals Limited was reported as Rs 2,73,81,67,40 (2,73,81,674 shares of face value Rs 10) before the disposal and remained at Rs 27,38,16,740 (2,73,81,674 shares of face value Rs 10) after the said transaction.NEOGEN Stock Price Movement
Neogen Chemicals Limited shares gained 0.91% in post-market trading, closing the day at ₹1903.6 after rising by ₹17.10 from the previous close. The stock traded within a narrow intraday range of ₹1813.8 to ₹1918 and saw total volume reach 89,441 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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