ICICI Prudential Mutual Fund has announced the acquisition of 1,50,487 shares of PB Fintech Ltd., an entity listed on the BSE and NSE. This acquisition, completed on October 16, 2026, has led the fund’s total shareholding to exceed 5% of the company’s paid-up capital. The fund clarified that this holding is purely for investment purposes and not to gain controlling interest.
ICICI Prudential MF Boosts PB Fintech Stake
ICICI Prudential Mutual Fund (the Fund), through its various schemes and investment strategies, has significantly increased its shareholding in PB Fintech Ltd. The company’s shares are listed on both the BSE Limited and the National Stock Exchange of India Limited.
Acquisition Details
The Fund announced an acquisition of 1,50,487 equity shares of PB Fintech Ltd. on October 16, 2026. This strategic purchase has resulted in the total shareholding of the Fund, along with its Persons Acting in Concert (PACs), crossing the 5% threshold of the total paid-up capital of PB Fintech Ltd.
Before this acquisition, the Fund’s holding stood at 2,31,30,990 shares, representing 4.999% of the total shares/voting capital and 4.877% of the diluted share/voting capital. Following the latest purchase, the total holding has risen to 2,32,81,477 shares, accounting for 5.032% of the total shares/voting capital and 4.909% of the diluted share/voting capital.
Investment Rationale
ICICI Prudential Asset Management Company Limited emphasized that these investments are made from an investment perspective. The objective is not to seek any controlling interest in PB Fintech Ltd. The disclosure is made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Company Capital Structure
The total equity share capital/total voting capital of PB Fintech Ltd. before the acquisition was ₹92,53,89,740, comprising 46,26,94,870 shares with a face value of ₹2/- each. After the acquisition, the total equity share capital/total voting capital remains the same, but the total diluted share/voting capital has increased to ₹94,86,01,450, comprising 47,43,00,725 shares with a face value of ₹2/- each.
Source: BSE
