The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
PIIND · price
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ICICI Prudential Mutual Fund has disclosed acquisition of 30,90,753 shares (2.037%) of PI Industries Ltd through open market purchases between October 1, 2025 and May 20, 2026. The fund's holding increased from 5.120% (77,67,783 shares) to 7.157% (1,08,58,536 shares), crossing the 2% threshold which mandates SEBI disclosure under SAST regulations. This is a cumulative acquisition over approximately 7.5 months. The fund explicitly states it does not seek controlling interest and is investing from an investment perspective. The acquirer is not a promoter or part of the promoter group.
This represents significant institutional buying of PI Industries shares, showing confidence in the company. The crossing of the 2% threshold triggers mandatory disclosure. At 7.157% holding, the fund is approaching the 10% threshold which would require further disclosure.