ICICI Prudential Mutual Fund (the Fund) announced that its aggregate holding in Triveni Turbine Ltd. has surpassed the 5% threshold of the paid-up capital. This increase was driven by a net acquisition of 1,21,323 shares on February 19, 2026, through open market purchases. The Fund confirmed that the acquisition is purely for investment purposes and not aimed at gaining control over the company.
Mandatory Disclosure of Stake Increase
ICICI Prudential Mutual Fund (the Fund), through its various schemes and investment strategies, has formally disclosed an increase in its holding of equity shares in Triveni Turbine Ltd. (the Company), whose securities are listed on the stock exchanges. This disclosure is made under the requirements pertaining to Substantial Acquisition of Shares and Takeovers Regulations.
Transaction Details
The key transaction occurred on February 19, 2026. The Fund executed a net acquisition of 1,21,323 shares. This purchase caused the Fund’s total holding to exceed the 5% mark of the company’s paid-up capital, necessitating this formal announcement.
Holding Before and After Acquisition
The following table summarizes the change in shareholding:
- Before Acquisition: The total holding stood at 1,58,44,666 shares, representing 4.98% of the total capital.
- Acquisition (Net): An addition of 1,21,323 shares, equating to 0.04%.
- After Acquisition: The final aggregate holding is 1,59,65,989 shares, which translates to 5.02% of the total equity share capital.
Capital Structure Context
The disclosure confirms that the total equity share capital of Triveni Turbine Ltd. before the acquisition was 31,78,86,270 shares (face value ₹1/- each). Following the acquisition, the total diluted share/voting capital stood at 31,80,01,648 shares.
Investment Intent
The Fund explicitly stated that the holding by its schemes and investment strategies is derived from a standard investment perspective. Crucially, the purpose of this acquisition is not to seek or obtain any form of controlling interest in Triveni Turbine Ltd.
Method of Purchase
The acquisition of the incremental shares was executed via the Open market mode on the specified date.
Source: BSE
