ICICI Prudential Mutual Fund has reduced its equity holding in PVR INOX Ltd. by selling 23,53,378 shares between May 16, 2024, and April 24, 2026. Following this divestment, the fund’s stake in the company has decreased from 7.107% to 4.705%. This move reflects a portfolio adjustment by the asset management firm, maintaining its position as a non-controlling financial investor in the cinema exhibition company.
Details of Equity Sale
ICICI Prudential Mutual Fund, acting through its various investment schemes, has executed a net sale of 23,53,378 equity shares of PVR INOX Ltd. The transaction was conducted through the Open Market over a period spanning nearly two years, from May 16, 2024, to April 24, 2026. This transaction resulted in the fund’s total shareholding dropping by more than 2% of the company’s paid-up capital.
Shift in Shareholding Pattern
Prior to the sale, the fund held 69,73,961 shares, representing a 7.107% stake in the company. After the completion of the sale, the fund’s holding stands at 46,20,583 shares, which translates to 4.705% of the company’s equity capital. This realignment is part of the fund’s ongoing investment strategy and does not involve any change in management control of PVR INOX Ltd.
Company Capital Structure
As per the latest updates provided by the company, the total equity share capital now stands at 9,81,99,962 shares, with a face value of ₹10 each. The dilution in stake also accounts for changes in the paid-up capital of the target company during the period of divestment.
Source: BSE
