The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
STARHEALTH · price
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On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 1.1 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICICI Prudential Mutual Fund has disclosed the acquisition of 13,85,269 equity shares of Star Health and Allied Insurance Company on May 2, 2025, through the secondary market. Before the purchase, the fund held 2,91,58,788 shares (4.96%); after the purchase, its holding rose to 3,05,44,057 shares (5.20%) of the company's paid-up capital. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations as the fund's holding crossed the 5% threshold. The fund clarified the purchase is from an investment perspective and not with any intent to gain control of the company.
This is a routine regulatory disclosure showing increased institutional (mutual fund) interest in Star Health. The crossing of the 5% mark signals continued buying appetite from a major domestic fund house, which is mildly positive for stock sentiment, though the acquisition is small (0.24% of capital) and purely investment-oriented.