ICICI Pru MF Boosts SBI Cards Stake to 7.30%
By Business Desk
ICICI Prudential Mutual Fund raises its stake in SBI Cards to 7.30% by acquiring over 2.16 million shares via open market purchases on August 25, 2026.
ICICI Prudential Mutual Fund has significantly boosted its holding in SBI Cards, reaching 7.30% of the company’s paid-up capital. This increase follows the acquisition of 2,160,916 shares on August 25, 2026, executed through open market transactions.
Key Acquisition Details
The fund’s total shareholding in SBI Cards now stands at 69,479,386 shares, marking a substantial rise from its previous holding reported in April 2024.
- Current Stake: 7.30%
- Shares Acquired on August 25, 2026: 2,160,916
- Total Shares Held: 69,479,386
- Previous Stake (April 26, 2024): 5.18%
- Previous Shares Held (April 26, 2024): 49,307,509
- Cumulative Net Acquisition since last filing: 20,171,877 shares
Regulatory Compliance
The transaction was formally disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure was required as the acquisition surpassed the 2% threshold relative to the fund’s prior reported holding, ensuring transparency in market dealings.
Investment Strategy
ICICI Prudential Mutual Fund clarified that these holdings are maintained strictly for investment purposes. The fund does not aim to secure a controlling interest in SBI Cards, focusing instead on its portfolio investment objectives.
SBI Cards Capital Structure
SBI Cards’ total equity share capital is valued at ₹9,516,145,080, comprising 951,614,508 shares, each with a face value of ₹10. The diluted share capital is recorded at ₹9,520,055,540, representing 952,005,554 shares, providing context to the fund’s percentage stake.