ICICI Prudential Mutual Fund Crosses 5% Stake in JK Lakshmi Cement After Acquiring Shares
ICICI Prudential Mutual Fund has significantly increased its investment in JK Lakshmi Cement Ltd, following the acquisition of equity shares. The fund's various schemes and investment strategies purchased 7,50,000 shares of the company on June 08, 2026, causing the holding to exceed 5% of the paid-up capital.The purchase was made by ICICI Prudential Mutual Fund and its affiliated schemes/investment strategies. The fund's holding is described as purely an investment perspective, without any objective of seeking a controlling interest in JK Lakshmi Cement Ltd.
Prior to the acquisition, the mutual fund held 61,84,525 shares, representing 4.982% of the voting capital of JK Lakshmi Cement Ltd. Following the transaction, the consolidated holding reached 69,34,525 shares.
The details regarding the pre- and post-acquisition holdings are as follows:
| Indicator | Before Acquisition Holding | After Acquisition Holding |
|---|---|---|
| Shares Carrying Voting Rights (Acquirer) | 61,84,525 (4.982%) | 69,34,525 (5.586%) |
| Transaction Type | N/A | Open Market Purchase |
| Total Company Voting Capital | 62,07,22,130 | 62,07,22,130 |
The acquisition of shares carrying voting rights amounted to 7,50,000, which accounts for 0.604% of the total diluted share capital. This transaction ensures that ICICI Prudential Mutual Fund's consolidated stake stands at 5.586% after the purchase.
JKLAKSHMI Stock Price Movement
Edging higher in live trading at 11:57 AM, shares of JK Lakshmi Cement Limited are climbing to ₹590.85 after gaining ₹0.70, posting a solid 0.12% gain. The equity so far has traded within a narrow intraday range, moving between a low of ₹589.5 and a high of ₹595.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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