Nippon India Mutual Fund and Pari Washington Acquire Shares in ICRA Ltd: A Significant Development in the Financial Sector

Nippon India Mutual Fund, through Nippon Life India Trustee Limited, and Pari Washington India Master Fund, Ltd., have made significant acquisitions in ICRA Ltd. The acquisitions were made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The details of the acquisition include the acquisition of shares carrying voting rights and warrants/convertible securities. The total holding of the acquirer along with Persons Acting in Concert (PACs) after the acquisition is 8,09,283 shares, representing 8.3853% of the total voting capital of ICRA Ltd.