DSP Schemes Increase Holdings in Syngene International Limited Following Acquisition
DSP Trustee Private Limited, acting as Trustee for various schemes including those managed by DSP Mutual Fund (DSPMF) and DSP Alternative Investment Fund (DSPAIF), has increased its stake in Syngene International Limited. The acquisition involved multiple DSPMF schemes, specifically citing DSP Large Cap Fund, DSP Equity Savings Fund, DSP Aggressive Hybrid Fund, DSP Nifty 500 Index Fund, DSP Nifty Healthcare Index Fund, DSP Nifty Smallcap 250 Index Fund, and DSP Nifty Midcap 150 Quality 50 Index Fund.The collective holding of these schemes increased to 5.03% of the paid-up capital of Syngene International Limited following the transaction that occurred on April 07, 2026. Since this post corporate action holding surpassed the 5% threshold, a report regarding this substantial acquisition was issued.
Acquisition Details
The acquisition saw the purchase of 9,93,389 shares of Syngene International Limited. This represented 0.24% of the total diluted share/voting capital.The acquisition was carried out by DSP Trustee Private Limited on behalf of schemes of DSP Mutual Fund (Buyer), DSP Trustee Private Limited on behalf of schemes of DSP Alternative Investment Fund, and DSP Global Funds ICAV.
Before the consideration, the combined holding across the schemes, alongside Persons Acting in Concert (PACs), was recorded at 4.79% of the total share/voting capital. Following the acquisition, the holding increased to 5.03%.
The total equity share capital of Syngene International Limited before the acquisition was 40,29,39,420 shares, corresponding to a paid up capital of Rs. 4,02,93,94,200. After the acquisition, the total diluted share/voting capital remained 40,29,39,420 shares, with a paid up capital of Rs. 4,02,93,94,200.
Entities Involved
The key entities involved in the transaction, identified as acquirers and Persons Acting in Concert (PAC), were:- DSP Trustee Private Limited on behalf of schemes of DSP Mutual Fund
- DSP Trustee Private Limited on behalf of schemes of DSP Alternative Investment Fund
- DSP Global Funds ICAV, managed by DSP Asset Managers Private Limited
Stock Price Movement
As of 9:59 AM, Syngene International Ltd shares are ticking up by 2.77% at ₹404.45. Throughout the session, the shares have navigated a visible range, dipping toward ₹395.00 while posting a high of ₹406.15.Source:
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