The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund
STARHEALTH · price
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ICICI Prudential Mutual Fund (not a promoter) has disclosed a net sale of 1,22,29,062 equity shares of Star Health and Allied Insurance Company in the secondary market between May 3, 2025 and January 29, 2026, including 15,07,850 shares sold on January 29, 2026 alone. This reduced the fund's stake from 5.20% (3,05,44,057 shares) to 3.11% (1,83,14,995 shares), a decline of over 2 percentage points. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations since the holding crossed the 2% change threshold. The fund clarified the holding is purely investment-driven with no intent to seek control.
A significant institutional investor trimming its stake by roughly 40% of its earlier position (from 5.20% to 3.11%) signals reduced confidence or portfolio rebalancing by a major mutual fund. This is a notable reduction in institutional holding and may be viewed negatively by retail investors in the short term.