The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
RRKABEL · price
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ICICI Prudential Mutual Fund acquired 2,53,463 equity shares of R R Kabel Ltd on October 6, 2025, through open market (secondary market) purchase. This acquisition increased the fund's shareholding from 4.974% (56,24,344 shares) to 5.198% (58,77,807 shares) of the company's paid-up capital. The disclosure was filed under Regulation 29(1) of SEBI Takeover Regulations because the fund's holding crossed the 5% threshold. The fund clarified that the purchase is purely from an investment perspective and not aimed at gaining control of the company.
An FII/MF crossing the 5% regulatory threshold is a neutral-to-mildly-positive signal indicating institutional investor confidence. It triggers creeping acquisition compliance (further 2% purchases allowed per financial year up to 10%) and may attract more institutional interest, but does not indicate any change in control.