The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon India Mutual Fund
ICRA · price
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Nippon India Mutual Fund (through Nippon Life India Trustee Limited) has disclosed acquisition of 1,44,959 shares (1.5020%) of ICRA Ltd through open market purchases. The acquisition period spans from July 8, 2025 to April 7, 2026. Before this purchase, the fund held 6,64,324 shares (6.8833%). After the acquisition, total holding stands at 8,09,283 shares representing 8.3853% of ICRA's total voting capital. The acquirer has confirmed they do not belong to the promoter/promoter group. This is a gradual open market accumulation by a mutual fund over approximately 9 months.
The mutual fund has increased its stake in ICRA by 1.5 percentage points, bringing total holding to 8.39%. This is a passive institutional investment and does not indicate any change in company control or management. The gradual accumulation pattern is typical for mutual fund investing.