ICICI Prudential Mutual Fund has acquired 63,542 equity shares in CIE Automotive India Ltd., raising its total holding to 5.017% of the company’s paid-up capital. The acquisition, made on September 17, 2026, is from an investment perspective and does not seek controlling interest. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ICICI Prudential MF Increases Stake in CIE Automotive India
ICICI Prudential Mutual Fund, through its various schemes and investment strategies, has announced a substantial acquisition of equity shares in CIE Automotive India Ltd. The fund acquired 63,542 shares of the company on September 17, 2026. Following this transaction, the total shareholding of the Fund in CIE Automotive India Ltd. has now exceeded 5% of the company’s paid-up capital.
Disclosure Under Takeover Regulations
The acquisition was made purely from an investment perspective, with no intention of seeking any controlling interest in CIE Automotive India Ltd. This disclosure is in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this acquisition, ICICI Prudential Mutual Fund held 1,89,54,271 shares, representing 4.996% of the total equity capital.
Post-Acquisition Holdings
After the recent purchase, the total holding of ICICI Prudential Mutual Fund in CIE Automotive India Ltd. stands at 1,90,17,813 shares, which translates to 5.013% of the company’s total paid-up capital. The transaction was conducted through the Open Market.
Source: BSE
