Invesco Mutual Fund Acquires Shares in Dredging Corporation of India Limited, Stakes Rise to 5.2073%
Invesco Mutual Fund has acquired an additional stake in the Dredging Corporation of India Limited (DCIL) through the open market, increasing its total holding to 5.2073%. The acquisition occurred on July 30, 2026.The mutual fund, which holds shares across several schemes including Invesco India Flexi Cap Fund, Invesco India Infrastructure Fund, Invesco India Multicap Fund, and Invesco India PSU Equity Fund, purchased 80,029 equity shares from the open market.
Following this acquisition, the aggregate holding of the mutual fund in DCIL stands at 14,58,042 equity shares. The transaction involved no change to the total share capital of the company.
Key details regarding the shareholder's stake and the transaction are summarized below:
| Metric | Pre-Acquisition Holding (with PAC) | Acquisition Details | Post-Acquisition Holding (with PAC) |
|---|---|---|---|
| Shares | 13,78,013 | 80,029 shares acquired | 14,58,042 shares |
| Percentage of Total Share Capital | 4.9215% | Percentage Acquired: 0.2858% | 5.2073% |
The pre-acquisition holding reflected that the mutual fund held 13,78,013 shares, representing 4.9215% of the total issued and paid-up equity share capital of DCIL. The acquisition was conducted entirely through the open market.
Financial standing details relevant to the transaction are as follows:
| Metric | Details |
|---|---|
| Target Company | Dredging Corporation of India Limited |
| Acquirer Status | Not a Promoter |
| Date of Acquisition | July 30, 2026 |
| Share Capital Before Acquisition | Rs. 28,00,00,000/- equity shares of Re. 10/- each / 2,80,00,000 shares |
| Share Capital After Acquisition | Rs. 28,00,00,000/- equity shares of Re. 10/- each / 2,80,00,000 shares |
DREDGECORP Stock Price Movement
Dredging Corporation of India Limited shares settled today, shedding 3.9% to close at ₹1096.5 after a move throughout the trading day. The stock saw total traded volume reach 139,028 shares during the session.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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