ICICI Pru MF cuts stake in Divgi Torqtransfer by 2%
DIVGIITTS · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.5 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICICI Prudential Mutual Fund sold 6,16,032 shares of Divgi Torqtransfer Systems in open market between October 2023 and September 2026, including 62,577 shares on September 1, 2026. Its stake fell from 6.75 percent (20.63 lakh shares) to 4.73 percent (14.47 lakh shares), a drop of 2.01 percent. The fund clarified the holding is purely from an investment perspective and not for any controlling interest.
Institutional investor trimming position; stake now below 5 percent. May signal weak conviction but not a full exit.