ICICI Prudential Mutual Fund has increased its shareholding in PG Electroplast Ltd. following a recent open market acquisition. On May 22, 2026, the fund purchased 1,99,978 shares, bringing its total ownership to 5.0696% of the company’s paid-up capital. This move marks a crossing of the 5% significant shareholding milestone. The fund maintains that these acquisitions are purely for investment purposes and are not intended to seek any management control.
Shareholding Milestone Reached
ICICI Prudential Mutual Fund has officially crossed the 5% ownership threshold in PG Electroplast Ltd. Following the purchase of 1,99,978 equity shares in an open market transaction on May 22, 2026, the total holdings of the fund have risen to 1,44,78,129 shares. This adjustment represents an increase in total stake from 4.9996% to 5.0696% of the company’s total voting capital.
Strategic Investment Perspective
The acquisition, executed through various schemes and investment strategies managed by ICICI Prudential Mutual Fund, is characterized as a financial investment. The fund has clarified that it does not intend to seek any controlling interest in PG Electroplast Ltd. and that all dealings were conducted via standard open market routes.
Impact on Voting Capital
As per the latest disclosures, the total paid-up equity share capital of the company stands at 28,55,86,908 shares, each with a face value of ₹1. The dilution-adjusted voting capital for the company is reported at 29,04,04,668 shares. With this latest acquisition, the fund’s holdings now account for 4.9855% of the total diluted share capital of the entity.
Source: BSE
