The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for CIM Investment Fund ICAV - CIM Dividend Income Fund
Awaiting price reaction for this filing.
CIM Investment Fund ICAV, along with PACs LGT Select Fund and Santa Lucia Asset Management, acquired 38,000,000 additional units of IRB InvIT Fund through a preferential allotment (institutional placement) on 14th October 2025. The acquirer's combined holding in IRB InvIT Fund increased from 27,126,000 units (4.673%) to 65,126,000 units (5.805%). ICAV alone went from holding 25,200,000 units to 62,098,000 units, representing a jump of over 2.3 times its previous holding. This disclosure under SEBI SAST Regulation 29(1) was triggered because the acquirer's holding crossed the 5% disclosure threshold. The acquirer does not belong to the promoter group.
A foreign institutional investor deepening its stake via preferential allotment signals institutional confidence in the InvIT, but existing unit holders face dilution from the new units issued. The crossing of the 5% SAST threshold makes further acquisitions by this entity subject to disclosure requirements.