ICICI Prudential Mutual Fund (the Fund) has reported an increase in its stake in Rainbow Childrens Medicare Ltd., crossing the 5% ownership threshold on March 19, 2026. The acquisition involved 1,60,949 shares via open market purchases. The Fund confirmed that this holding is purely for investment purposes and not aimed at gaining any controlling interest in the company, filing the necessary disclosures under takeover regulations.
Disclosure of Substantial Shareholding Increase
ICICI Prudential Mutual Fund (the Fund), through its various schemes and investment strategies, has formally notified an acquisition resulting in its shareholding exceeding the regulatory threshold in Rainbow Childrens Medicare Ltd. The transaction took place on March 19, 2026.
Details of the Acquisition
The Fund acquired a total of 1,60,949 shares carrying voting rights. This purchase was executed through the Open Market mode.
Prior to this acquisition, the total holding by the Fund and its Persons Acting in Concert (PACs) stood at 49,99,795 shares, representing 4.92% of the total share capital.
Following the net acquisition of 1,60,949 shares (0.16% stake), the total holding increased to 51,60,744 shares, equating to 5.08% of the total share capital of Rainbow Childrens Medicare Ltd.
Capital Structure Post-Acquisition
The disclosure confirms the financial metrics of the Target Company (TC) before and after the transaction:
- Equity Share Capital Before Acquisition: ₹1,01,55,91,560 (comprising 10,15,59,156 shares of face value ₹10/- each).
- Equity Share Capital After Acquisition: Remains ₹1,01,55,91,560 (10,15,59,156 shares).
- Total Diluted Share/Voting Capital After Acquisition: ₹1,01,58,16,040 (10,15,81,604 shares of face value ₹10/- each).
Investment Intent
ICICI Prudential Asset Management Company Limited explicitly stated that the holding by its schemes is strictly from an investment perspective and is not undertaken with the objective of acquiring any controlling interest in Rainbow Childrens Medicare Ltd.
Source: BSE
