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 (across its various schemes) acquired 1,60,949 equity shares of Rainbow Children's Medicare Ltd on March 19, 2026, via open market purchases. This took the fund's total holding from 49,99,795 shares (4.92%) to 51,60,744 shares (5.08%), crossing the 5% disclosure threshold under SEBI's Takeover Regulations. The fund clarified the purchase is purely from an investment perspective and not aimed at gaining control. The acquirer is not part of the promoter or promoter group of the company.
This is a routine regulatory disclosure triggered by the 5% shareholding threshold crossing, not indicative of a takeover. The increase is marginal (0.16%) and driven by investment interest from a major institutional fund, which is generally viewed as a positive sign of institutional confidence in the stock.