# Ex-Murakami Fund Affiliate Takes 5.06% Stake in Japan's TV Asahi Holdings

> City Index Eleventh, an ex-Murakami Fund affiliate, now holds 5.06% of Japan's TV Asahi Holdings and proposes dividend hikes and take-private via MBO.
- Title: Ex-Murakami Fund Affiliate Takes 5.06% Stake in Japan's TV…
- Summary: City Index Eleventh, an ex-Murakami Fund affiliate, now holds 5.06% of Japan's TV Asahi Holdings and proposes dividend hikes and take-private via MBO. City…
- Keywords: city index eleventh, tv asahi holdings, aya nomura, murakami fund, kanto local finance bureau, mbo, dividend hike, finance, markets, Ex-Murakami, Fund, Affiliate
- Source: BigGo Finance — https://finance.biggo.com/news/d45d66db-5f27-4d4c-802b-981071ab7411
- Author: BigGo Finance
- Published: 2026-10-22T11:35:09+00:00
- Read time: 1 min
- Topics: city index eleventh, tv asahi holdings, aya nomura, murakami fund, kanto local finance bureau, mbo, dividend hike, finance, markets
## Stake Acquisition
City Index Eleventh, an investment firm affiliated with the former Murakami Fund, holds 5.06% of TV Asahi Holdings shares.
## Proposed Capital Changes
The firm proposes dividend increases, share buybacks, asset sales, and a take-private transaction via MBO.
## Shareholder Details
Aya Nomura, the eldest daughter of Yoshiaki Murakami, holds 1.86% as of June, making her the eighth-largest shareholder.
## Stake Growth Timeline
City Index Eleventh has gradually increased its stake since last year, crossing the 5% threshold and triggering a Large Shareholding Report filing.
## Market Reaction
Investors believe TV Asahi Holdings' shares are undervalued relative to net asset value and may prompt capital policy reviews.
## Key takeaway

City Index Eleventh, an investment firm linked to former Murakami Fund, acquired 5.06% stake in TV Asahi Holdings and plans dividend increase, share buybacks, asset sales, and take-private transaction.