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.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.9 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.