The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
MEDIASSIST · price
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ICICI Prudential Mutual Fund, through its various schemes, acquired a net 14,93,652 equity shares of Medi Assist Healthcare Services between July 3, 2025 and August 12, 2025, with a major chunk of 13,39,200 shares bought on August 12 alone. This pushed the fund's holding from 5.03% (35,51,006 shares) to 7.15% (50,44,658 shares) of the company's paid-up capital, a rise of over 2% that triggered the SEBI disclosure. All purchases were made on the secondary market through normal trading. The fund clarified it holds the shares purely from an investment perspective and is not seeking any controlling interest in the company.
This is a significant institutional vote of confidence from one of India's largest mutual funds, which has steadily increased its position and now holds nearly 7.15% — approaching the 10% open offer threshold under takeover rules. If ICICI Prudential crosses 10%, further disclosures and potentially an open offer obligation could arise, which may affect trading dynamics and supply of shares in the market.