The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
POWERICA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SBI Mutual Fund has reported acquisition of 57,92,485 equity shares (4.5772%) in Powerica Ltd through an Initial Public Offer allotment on April 1, 2026. Prior to this acquisition, SBI MF held 25,56,959 shares (2.0205%). After the acquisition, SBI MF's total holding stands at 83,49,444 shares representing 6.5976% of the paid-up share capital of the company. The acquirer is not a promoter or part of the promoter group. The filing is submitted by SBI Funds Management Limited, a joint venture between SBI and Amundi.
SBI Mutual Fund has crossed the 5% statutory threshold, making it a substantial shareholder. This reflects institutional accumulation via IPO, which could signal positive sentiment from a major institutional investor, though the large block purchase nature differs from typical creeping market acquisitions.