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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ICICI Prudential Mutual Fund acquired 1,99,978 equity shares of PG Electroplast Ltd on May 22, 2026 through open market purchases. Prior to this acquisition, the Fund held 1,42,78,151 shares (approximately 4.9996% of paid-up capital). After the acquisition, its holding increased to 1,44,78,129 shares, crossing the 5% regulatory threshold to approximately 5.0696%. The total diluted share capital after acquisition is 29,04,04,668 shares. ICICI Prudential AMC clarified that this is purely an investment decision and not intended to seek controlling interest in the company. This disclosure is mandatory under SEBI SAST Regulations 2011 whenever an acquirer crosses the 5% threshold.
The crossing of the 5% holding threshold is a routine regulatory disclosure. ICICI Prudential is a mutual fund (not a promoter), so this does not signal any change in control. However, it shows institutional confidence in the company and the threshold crossing will require future disclosures for any further acquisitions or disposals.