The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pari Washington India Master Fund Ltd

Fii Holding DeclinedOwnership Changes View source PDF Explain this filing

ICRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹5340.00

prior close

₹5400.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.1%-1.8% vs market

Capital Markets peers, median of 63sector · industry level+1.6%-1.3% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.3 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.2

15m

-0.2

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+2.1-1.8+1.6-1.3

Next day

+1.6+2.1-0.4+0.9+0.7

+2.4+4.7-2.3+3.5-1.1

+1.5+5.9-4.4+4.3-2.8

+2.2+7.1-4.9+6.7-4.4

+2.4+6.5-4.1+5.5-3.1

+1.5+9.1-7.6+6.0-4.5

15d

+1.4+10.8-9.4+5.0-3.6

-0.9+12.6-13.6+4.7-5.6

-3.7+12.0-15.6+1.2-4.9

-0.7+21.4-22.2+7.2-7.9

UpDownMarket · Nifty Microcap 250Sector · Capital Markets peers, median of 63Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pari Washington India Master Fund, along with its PAC Pari Washington Investment Fund, has sold 145,400 shares (1.51%) of ICRA Ltd through open market transactions on April 7, 2026. Before the sale, the fund held 468,620 shares (4.86%) in ICRA; after the sale, its holding has come down to 323,220 shares (3.35%). The acquirer confirmed it is not part of the promoter or promoter group, and the transaction was carried out on the BSE and NSE. The total equity share capital of ICRA remains unchanged at 9,651,231 shares.

Likely market impact

This is a foreign institutional investor trimming its position in ICRA, which may be viewed as a mild negative signal by retail investors in the short term due to reduced FII holding. However, the sale is well below any regulatory threshold and the stock's overall fundamentals remain unaffected.