ICICI Prudential Mutual Fund has significantly increased its stake in SBI Cards and Payment Services Ltd., acquiring an additional 2.12% of the company’s paid-up capital. This net acquisition of 2,01,71,877 shares was made between April 26, 2024, and August 25, 2026. The fund’s total holding now stands at 7.30%, reinforcing its investment position without seeking controlling interest.
Significant Share Acquisition by ICICI Prudential MF
ICICI Prudential Mutual Fund, through its various schemes and investment strategies, has completed a substantial acquisition of equity shares in SBI Cards and Payment Services Ltd. The transaction, which concluded on August 25, 2026, resulted in a net acquisition of 2,01,71,877 shares of the Company. This move has increased the Fund’s shareholding by more than 2% of the company’s paid-up capital compared to the previous disclosure on April 26, 2024.
Holding Details and Investment Stance
As of April 26, 2024, ICICI Prudential Mutual Fund held 4,93,07,509 shares, representing 5.18% of SBI Cards’ paid-up capital. Following the recent acquisition, the total holding has risen to 6,94,79,386 shares, which amounts to 7.30% of the total share capital. The Fund has clarified that these acquisitions are made from an investment perspective and not with the objective of gaining any controlling interest in the company. The disclosures align with the requirements of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Share Capital Evolution
The total share capital of SBI Cards and Payment Services Ltd. before this acquisition was approximately ₹9,50,96,85,190, comprising 95,09,68,519 shares with a face value of ₹10 each. After the acquisition, the equity share capital increased to approximately ₹9,51,61,45,080, with 95,16,14,508 shares. The total diluted share capital, assuming full conversion of outstanding convertible securities, stands at approximately ₹9,52,00,55,540, comprising 95,20,05,554 shares with a face value of ₹10 each.
Source: BSE
