The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund

FII holding declinedOwnership Changes View source PDF Explain this filing

UNIVCABLES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.1%Reaction day

₹955.00

prior close

₹958.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.5% vs market

Cables - Electricals peers, median of 11sector-1.9%-0.2% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.2 pts less than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.5

10m

-2.6

15m

-2.0

30m

-3.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-0.6-1.5-1.9-0.2

Next day

-5.5-0.5-5.0-1.9-3.6

-2.9+0.8-3.7-0.3-2.7

-2.8+0.4-3.2-0.8-2.0

+1.6+0.3+1.3-1.0+2.5

+1.4+0.1+1.3-1.6+3.0

-0.1-1.0+0.9-3.4+3.3

15d

-6.2-2.5-3.7-5.9-0.3

-6.9-2.2-4.7+1.6-8.4

-29.0-10.8-18.1-9.7-19.3

-28.4-7.0-21.4-7.6-20.8

UpDownMarket · Nifty Microcap 250Sector · Cables - Electricals peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICICI Prudential Mutual Fund has disclosed a net sale of 7,34,833 equity shares (2.118% of paid-up capital) of Universal Cables Ltd, executed in the secondary market between September 6, 2024 and November 20, 2025. As a result, the fund's holding in the company has dropped from 18,12,465 shares (5.224%) to 10,77,632 shares (3.106%), a decline of over 2 percentage points. The filing confirms this is purely an investment-driven move and not aimed at gaining any controlling interest. The disclosure has been made under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

Likely market impact

A meaningful reduction in institutional (mutual fund) ownership may be viewed negatively by retail investors as it signals a fund house's reduced confidence in the stock at current levels. However, since the holding remains above 1% and the sale was spread over more than a year, the immediate price impact may be limited.