The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
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ICICI Prudential Mutual Fund has disclosed an acquisition of Page Industries Ltd shares under SEBI SAST Regulation 29(2). The fund bought 3,337 shares on March 2, 2026, and made a net acquisition of 2,24,878 shares between December 4, 2025 and March 2, 2026 through open market purchases. This raised the fund's holding from 5.65 lakh shares (5.07%) to 7.90 lakh shares (7.09%), an increase of about 2.02%. The disclosure is triggered because the holding change exceeded the 2% threshold requiring reporting. The fund clarified this is purely from an investment perspective and not aimed at gaining control.
An FII/mutual fund increasing its stake by over 2% in a short period signals continued institutional confidence in the company. The fund is now at 7.09% and creeping closer to the 10% disclosure threshold, which may warrant monitoring but is not concerning as this is a passive investment.