
Acquisitions7 April 2026 at 04:34 am
SBI Mutual Fund Acquires 57,92,485 Shares of Powerica Ltd, Resulting in 4.5772% Voting Rights
AI Summary
SBI Mutual Fund, under its various schemes including Investment Strategy under Magnum SIF, has acquired 57,92,485 shares of Powerica Ltd on April 02, 2026. This acquisition has resulted in SBI Mutual Fund holding 4.5772% of the voting rights in the company. The acquisition was made through an Initial Public Offer. The total share capital of the company after the acquisition is Rs. 63,27,59,385 consisting of 12,65,51,877 equity shares having a face value of Rs. 5/- each.
Key Highlights
- SBI Mutual Fund acquires 57,92,485 shares of Powerica Ltd
- Acquisition results in 4.5772% voting rights
- Acquisition made through Initial Public Offer
- Total share capital of the company after the acquisition is Rs. 63,27,59,385
- 12,65,51,877 equity shares having a face value of Rs. 5/- each
POWERICAHeavy Electrical Equipment
Powerica LtdPrice Impact