The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for PPFAS Mutual Fund
IGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PPFAS Mutual Fund through its schemes (Parag Parikh Flexi Cap Fund being one) purchased 1,35,45,911 shares of Indraprastha Gas Ltd on May 20, 2026 via open market. The acquisition increased PPFAS MF's holding from 6,72,02,988 shares (4.80%) to 8,07,48,899 shares (5.77%), a rise of 0.97 percentage points. The acquirer explicitly confirmed they do NOT belong to the promoter/promoter group. The total diluted share capital of IGL remains at Rs.280 crore (1,40,00,01,600 shares of Rs.2 face value). This is a routine disclosure under SEBI's substantial acquisition regulations triggered by crossing an applicable threshold.
This reflects institutional accumulation by a prominent mutual fund house and is a mildly positive signal for the stock, though the holding remains below 10% and the acquirer is a non-promoter investor.