Announced Wed, 8 Apr · 10:14 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prudential Plc

Fii Holding DeclinedOwnership Changes View source PDF

MGL · price

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

Price reaction · full curve 14 horizons · vs prior close

+8.6%1-day move

₹954.70

prior close

₹996.05

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.2-0.3-0.0+1.0+8.6+12.4+12.6+12.8+14.6+19.2+18.6+22.9+12.3+14.8

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AI summary

Prudential plc and its subsidiaries (managed by Eastspring Investments, Singapore) sold 728,763 shares of Mahanagar Gas Ltd through a market sale on 6th April 2026. This reduced their holding from 3.15% (3,115,890 shares) to 2.41% (2,387,127 shares), a reduction of 0.74 percentage points. The acquirer is not part of the promoter/promoter group. The transaction was conducted in the open market. Eastspring Investments submitted this disclosure under SEBI SAST Regulation 29(2) on 8th April 2026.

Likely market impact

This represents a reduction in institutional holdings in Mahanagar Gas. While the absolute percentage change is modest, it may signal reduced confidence or portfolio rebalancing by a significant institutional investor. The overall promoter and public shareholding structure remains largely unchanged.