Shareholding10 April 2026 at 04:16 am
Nippon India Mutual Fund Increases Stake in ICRA Ltd to 8.3853% by Acquiring 1,44,959 Shares via Open Market Purchases
AI Summary
Nippon India Mutual Fund has disclosed a substantial acquisition of shares in ICRA Limited, as per Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The fund acquired an additional 1,44,959 equity shares of ICRA Ltd through open market purchases conducted between July 08, 2025, and April 07, 2026. This transaction has increased Nippon India Mutual Fund's total shareholding in ICRA Ltd from 6,64,324 shares to 8,09,283 shares, consequently raising its stake to 8.3853% of the total voting capital. This move signifies a notable increase in investment by a major institutional investor in ICRA Ltd.
Key Highlights
- Nippon India Mutual Fund acquired an additional 1,44,959 equity shares of ICRA Ltd through open market transactions.
- The acquisition took place over a period from July 08, 2025, to April 07, 2026.
- Post-acquisition, Nippon India Mutual Fund's total holding in ICRA Ltd stands at 8,09,283 shares, representing 8.3853% of the company's total voting capital.
- This increased stake by a prominent mutual fund indicates a strengthened investment position and potential confidence in ICRA Ltd's future prospects.
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