ICICI Prudential Mutual Fund Sells Shares of Entertainment Network (India) Ltd, Reducing Holding
ICICI Prudential Mutual Fund has completed a net sale of equity shares in Entertainment Network (India) Limited, resulting in a decrease in the Fund's stake following the transaction on July 02, 2026. The sale pertains to various schemes and investment strategies managed by the Fund.The Fund carried out the net sale of 1,119,753 shares of Entertainment Network (India) Ltd. This transaction marked a reduction in the holding size compared to the previous disclosure made on October 16, 2019.
The sale details reflect that the securities were disposed of through the Open Market. The period for this net disposal spanned from October 16, 2019, to July 02, 2026.
Shareholding Status Before and After Sale
The Fund’s holding in Entertainment Network (India) Ltd was previously disclosed at a level equivalent to 5.004% of the paid-up capital prior to the sale. Following the transaction, the shareholding decreased, with the net disposal accounting for approximately 2.349% of the total shares/voting capital.The key figures regarding the acquisition and disposal are detailed below:
| Metric | Before Sale (Shares) | Percentage Holding |
|---|---|---|
| Shares carrying voting rights | 2,385,356 | 5.004% |
| Total shares in the nature of encumbrance | Not specified | N/A |
| Total holding (a+b+c+d) | 2,385,356 | 5.004% |
The post-sale status reflects that the Fund holds 1,265,603 shares carrying voting rights, which equates to a 2.655% holding.
| Metric | After Sale (Shares) | Percentage Holding |
|---|---|---|
| Shares carrying voting rights | 1,265,603 | 2.655% |
| Total shares in the nature of encumbrance | Not specified | N/A |
| Total holding (a+b+c+d) | 1,265,603 | 2.655% |
The total voting capital of Entertainment Network (India) Ltd before and after this disposal remains at 47,67,04,150 shares, which comprises 4,76,70,415 shares of face value 10/- each.
The Fund stated that its holdings are maintained from an investment perspective and do not aim to secure any controlling interest in the company.
ENIL Stock Price Movement
Shares of Entertainment Network (India) Limited slipped by 0.37% on Friday, closing at ₹104.8 after trading activity settled the equity below its previous close. The stock witnessed a robust level of trading during the session, with a total traded volume registering 192,947 shares.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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