PPFAS Mutual Fund has increased its shareholding in Indraprastha Gas Limited through a recent open market acquisition. By purchasing an additional 1,35,45,911 shares, the mutual fund has bolstered its total stake in the target company. This move reflects a strategic investment decision by the fund manager as it looks to strengthen its equity position in the gas distribution sector, bringing its total holding in the company to 5.77% as of May 20, 2026.
Investment Update
PPFAS Mutual Fund has successfully completed an acquisition of shares in Indraprastha Gas Limited. As of May 20, 2026, the fund has increased its investment through the open market. This transaction was executed via the Parag Parikh Flexi Cap Fund, which serves as the primary scheme for this equity accumulation.
Breakdown of Acquisition
Prior to this recent transaction, the fund held 6,72,02,988 shares, representing 4.80% of the total share capital of the company. With the fresh purchase of 1,35,45,911 shares—an acquisition equivalent to 0.97% of the total voting capital—the fund’s total interest has risen to 8,07,48,899 shares.
Current Shareholding Status
Following this acquisition, the total stake held by the acquirer now stands at 5.77% of the company’s total equity share capital. The company’s total share capital remains valued at Rs. 2,80,00,03,200, comprising 1,40,00,01,600 shares at a face value of Rs. 2 each. This shift in shareholding highlights ongoing portfolio adjustments by the fund to capture value within the city gas distribution space.
Source: BSE
