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Bettesworth Construction
JK Cement

Kotak MF Reduces JK Cement Stake to 2.80% After Open-Market Sale

Kotak MF’s reported October 1 sale of 304,671 JK Cement shares cut its holding to 2.7992%; the available reporting does not give a reason.

By Bettesworth Construction Team 1 min read
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Kotak Mahindra Mutual Fund (KMMF) sold 304,671 shares of J.K. Cement Limited on October 1, 2026, reducing its reported holding from 3.1935% to 2.7992% of the company’s equity. The reason for the sale has not been disclosed in the available reporting.

How many JK Cement shares did Kotak MF sell?

ScanX reported that KMMF sold 304,671 J.K. Cement shares in open-market transactions on October 1, 2026. Its reported holding fell from 2,467,528 shares, or 3.1935%, to 2,162,857 shares, or 2.7992%. The decrease was 0.3943 percentage points. ScanX also reported total diluted share capital of 77,268,251 equity shares of ₹10 each before and after the transaction (ScanX).

These detailed figures are reported by ScanX; the underlying BSE disclosure document was not available for independent verification. A JK Cement filing index separately lists an October 6, 2026, Regulation 29(2) filing for Kotak Mahindra Mutual Fund (JK Cement filing index).

When was the sale disclosed?

The transaction took place on October 1, 2026, and ScanX reported that the disclosure was filed with BSE on October 6 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. ScanX identifies Jolly Bhatt as the compliance officer signing for Kotak Mahindra Asset Management Company Limited, KMMF’s investment manager; that attribution is from ScanX’s report (ScanX).

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Why did Kotak MF sell?

The available reporting does not state why KMMF sold, the execution price or proceeds, or whether the transaction reflected a view on J.K. Cement. It also does not establish an effect on the company’s share price, volatility or financing. The sale alone is not evidence of a bearish investment outlook.

ScanX says the prior holding was measured against a last reporting date of September 6, 2023. That reference does not establish that the shares were sold gradually over the period between that date and October 1, 2026 (ScanX).

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