The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
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Awaiting price reaction for this filing.
ICICI Prudential Mutual Fund bought 15,847 shares of Page Industries Ltd on December 3, 2025 through the secondary (open) market. This took the fund's total holding from 5,49,871 shares (4.93%) to 5,65,718 shares (5.07%), crossing the 5% disclosure threshold under SEBI's Takeover Regulations. The fund explicitly clarified this is a passive investment with no intent to seek control, and the acquirer does not belong to the promoter group. The trigger for this disclosure was Regulation 29(1), which requires reporting whenever an entity crosses the 5% mark in a listed company.
This is a routine regulatory disclosure triggered by crossing the 5% ownership threshold. The incremental purchase is small (~0.14% of equity), so it is unlikely to move the stock meaningfully. However, it signals continued institutional confidence in Page Industries from one of India's largest mutual funds, which is mildly positive sentiment for retail investors.