The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
SHARDAMOTR · price
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ICICI Prudential Mutual Fund has disclosed an acquisition of 1,50,000 equity shares of Sharda Motor Industries Ltd on January 13, 2026, through secondary market purchases. This takes the fund's total holding from 28,61,799 shares (4.99%) to 30,11,799 shares (5.25%) of the company's paid-up capital, crossing the 5% regulatory threshold under SEBI SAST Regulations. The filing is a revised disclosure — the initial letter had mistakenly named Page Industries Ltd instead of Sharda Motor Industries Ltd. ICICI Prudential clarified the purchase is purely from an investment perspective and not aimed at gaining control of the company.
This is a mutual fund (institutional investor) increasing its stake and crossing the 5% disclosure threshold — a positive signal of institutional confidence in the stock. No promoter-level implications since ICICI Prudential is not part of the promoter group.