SBI Mutual Fund Acquires Shares in Powerica Ltd
SBI Mutual Fund, through its various schemes, has increased its holding in Powerica Ltd after acquiring 57,92,485 shares on April 2, 2026.The final holding of SBI Mutual Fund, across its various schemes, stood at 83,49,444 shares as of the close of business on April 1, 2026. This represents a stake equivalent to 6.5976% of the paid up share capital of Powerica Ltd.
The details of the acquisition are presented below.
| Category | Details |
|---|---|
| Target Company | POWERICA LIMITED |
| Acquirer | SBI MUTUAL FUND under its various schemes |
| Shares Acquired | 57,92,485 |
| Acquisition Date | April 2, 2026 |
| Pre-acquisition Holding (Shares) | 25,56,959 |
| Pre-acquisition Holding (% of Capital) | 2.0205% |
| Post-acquisition Holding (Shares) | 83,49,444 |
| Post-acquisition Holding (% of Capital) | 6.5976% |
The shares were acquired through an Initial Public Offer. The allotment of the 5,792,485 shares occurred on April 1, 2026, via the Initial Public Offer.
Prior to this acquisition, the equity share capital of Powerica Ltd was Rs 63,27,59,385/- consisting of 12,65,51,877 equity shares having a face value of Rs. 5/- each. After the acquisition, the equity share capital remained Rs 63,27,59,385/- consisting of 12,65,51,877 equity shares having a face value of Rs. 5/- each.
POWERICA Stock Price Movement
As of 10:05 AM, shares of Powerica Limited are shedding 0.30% in live trading, currently sitting at ₹395.35. Despite the current downward drift, the stock previously hit an intraday high of ₹399, amidst 65,639 shares traded so far today.Source:
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