The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Bank Ltd
JPPOWER · price
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ICICI Bank Limited, a significant shareholder but not a promoter of Jaiprakash Power Ventures Ltd, has sold 24,35,00,000 equity shares representing 3.55% of the company's paid-up capital. The sale was conducted in multiple tranches via open market, with the last transaction on May 15, 2026. Before the sale, ICICI Bank held 68,33,61,064 shares (9.97% of equity capital). After the sale, their holding reduced to 43,98,61,064 shares (6.42% of equity capital). The total equity share capital of Jaiprakash Power Ventures Ltd remained unchanged at Rs. 6,853.46 crore comprising 685.34 crore shares of Rs. 10 each.
ICICI Bank's stake reduction from nearly 10% to 6.42% represents a significant drop in institutional holding, which could signal reduced confidence or portfolio rebalancing. This substantial sale via open market may put downward pressure on the stock price in the near term.