The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
JKLAKSHMI · price
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ICICI Prudential Mutual Fund bought 7,50,000 shares of JK Lakshmi Cement Ltd on June 8, 2026, through open market purchases. This took the fund's total holding from 61,84,525 shares (4.98%) to 69,34,525 shares (5.59%) of the company's paid-up capital, crossing the 5% disclosure threshold under SEBI's Takeover Regulations. The fund clarified the acquisition is purely from an investment perspective and not aimed at gaining control of the company. The total equity capital of JK Lakshmi Cement comprises 12,41,44,426 shares of face value Rs 5 each.
This is a routine regulatory disclosure triggered by a mutual fund crossing the 5% shareholding threshold. It reflects continued institutional buying interest in the stock but is unlikely to have a material impact on share price, as the acquirer has stated it does not seek control.