FMR LLC and FIL Limited increase stake in JK Cement Ltd to 9.17% following share acquisition
FMR LLC and FIL Limited, through various investment funds, have increased their stake in JK Cement Ltd, raising their holding to 9.17% after acquiring additional shares. The entities, which hold stakes across multiple emerging market focused funds, completed the transaction during the period spanning September 1, 2023, to July 8, 2026.The acquisition resulted in a significant increase in the investors' stake in JK Cement Ltd, listed on the National Stock Exchange of India and BSE Ltd.
Prior to the recent acquisitions, the funds held 5,432,682 shares, which represented 7.03% of the total voting capital of JK Cement Ltd. Following the acquisition of 1,654,961 shares, the total holding increased to 7,087,643 shares.
As per the data provided on the companies' stock exchanges, the share capitalization metrics before and after this transaction are as follows:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held (Voting Rights) | 5,432,682 | 7,087,643 |
| Percentage of Total Voting Capital | 7.03% | 9.17% |
The acquisition details show that the shares acquired were entirely held as shares carrying voting rights, with no additional shares encumbered or warrants recorded in this transaction category.
Fund Holdings Breakdown
The holding represents a collective interest across several Fidelity and FIAM funds managed by FMR LLC and FIL Limited. The total combined shareholding of 7,087,643 shares accounts for 9.17% of the target company's voting capital.A detailed breakdown of the fund holdings is provided below:
| Fund Type | Shares Held | Percentage of Voting Rights Held |
|---|---|---|
| Fidelity Emerging Markets Opportunities Fund Materials Sub | 1,009,121 | 1.31% |
| Strategic Advisers Fidelity Emerging Markets Fund - FIAM Concentrated Emerging Markets Subportfolio | 1,035,400 | 1.34% |
| Fidelity Advisor Focused Emerging Markets Fund | 2,495,998 | 3.23% |
| VIP Emerging Markets Portfolio | 308,330 | 0.40% |
| Strategic Advisers Emerging Markets Fund - FIAM Concentrated Emerging Markets Subportfolio | 308,874 | 0.40% |
| Fidelity Emerging Markets Equity Central Fund - Materials Sub | 109,698 | 0.14% |
| FIAM Emerging Markets Opportunities Commingled Pool - Materials Sub | 298,376 | 0.39% |
| Fidelity Emerging Markets | 909,800 | 1.18% |
| National Trust Investments - Active MEmerging Markets Equity | 10,516 | 0.01% |
The acquisition also includes holdings from various specialized funds such as:
- Fidelity Total International Equity Fund - Emerging Mkts Sub with 97,748 shares (0.13%).
- FIAM Emerging Markets Commingled Pool with 74,907 shares (0.10%).
- NVIT Fidelity Institutional AMEmerging Markets Fund with 79,600 shares (0.10%).
The acquired funds collectively maintain a cumulative holding of 7,087,643 shares in JK Cement Ltd.
JKCEMENT Stock Price Movement
JK Cement Limited saw its stock ascend on Friday, climbing 0.82% and closing at ₹5398.50 after the market session concluded. The company’s equity traded against a tight intraday backdrop, with volume registering 33,628 shares and prices ranging between a low of ₹5380.5 and a high of ₹5490.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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