SBI mutual fund reduces stake in City Union Bank by over 2%

SBI Mutual Fund, through its various schemes, has divested a substantial portion of its holdings in City Union Bank Ltd. The fund sold 52,81,184 shares, representing 0.7117% of the bank's paid-up share capital, in a transaction reported on November 25, 2025. This sale reduces SBI Mutual Fund's total holding in City Union Bank from a previously disclosed 8.1799% to 5.7594%.

This change in shareholding represents a decrease of more than 2% since its last disclosure on July 3, 2024, when the reported holding was 8.1799%. Following the transaction, the final holding of SBI Mutual Fund's various schemes in City Union Bank now stands at 4,27,40,594 shares. The divestment was executed through open market sale and purchase.

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The equity share capital of City Union Bank remains at INR 74,20,98,317, comprising 74,20,98,317 equity shares of face value INR 1/- each.