ICICI Prudential Mutual Fund (the Fund), acting through its various schemes, has increased its equity holding in Ratnamani Metals & Tubes Ltd. (RMTL). Following an acquisition on February 11, 2026, the Fund’s total shareholding has exceeded 5% of the company’s paid-up capital. This disclosure confirms the investment is purely for portfolio management purposes and not for acquiring control, as required under relevant market regulations.
Disclosure of Substantial Acquisition in Ratnamani Metals & Tubes
ICICI Prudential Mutual Fund (the Fund) formally notified the stock exchanges regarding a transaction involving the shares of Ratnamani Metals & Tubes Ltd. (RMTL), the Target Company (TC). The filing, dated February 12, 2026, confirms that the acquisition was executed on February 11, 2026.
Shareholding Threshold Crossed
The Fund acquired 2,47,483 equity shares of RMTL during the transaction. This purchase resulted in the aggregate holding crossing the 5% threshold of the total paid-up capital of the TC.
Holding Before Acquisition
- Shares carrying voting rights: 34,92,908
- Percentage of total capital: 4.983%
Details of Acquisition (February 11, 2026)
- Shares carrying voting rights acquired: 2,47,483
- Percentage of total capital acquired: 0.353%
Holding After Acquisition
The resultant holding, reflecting the cumulative investment by the Fund’s various schemes, is detailed below:
- Total shares carrying voting rights: 37,40,391
- Total percentage of capital: 5.336%
Transaction Context and Intent
It is explicitly stated that the acquisition of these shares by the Fund’s schemes is undertaken strictly from an investment perspective. The Fund confirms that this transaction does not carry any objective of seeking a controlling interest in Ratnamani Metals & Tubes Ltd.
Capital Structure Data
The report details the capital structure of the Target Company before and after the acquisition:
- Equity share capital/total voting capital before acquisition: ₹14,01,84,000 (comprising of 7,00,92,000 shares of face value ₹2/- each).
- Equity share capital/total voting capital after acquisition: ₹14,01,84,000 (comprising of 7,00,92,000 shares of face value ₹2/- each).
The mode of purchase utilized for this transaction was the Secondary market.
Source: BSE
