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HomeNewsBusinessMarketsICICI Prudential MF Sells 2.02% Stake in Indiamart Intermesh

ICICI Prudential MF Sells 2.02% Stake in Indiamart Intermesh

ICICI Prudential MF Sells 2.02% Stake in Indiamart Intermesh

September 10, 2025 / 11:10 IST
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    ICICI Prudential Mutual Fund has carried out net sale of 12,15,261 shares of Indiamart Intermesh Ltd., reducing its stake by 2.02%. This sale, conducted under various schemes, has brought the Fund's holding below the disclosure threshold as per SEBI regulations.

    The Fund executed the net sale of shares between June 13, 2025, and September 08, 2025. As of September 08, 2025, the shareholding has decreased by more than 2% of the paid-up capital of the company compared to the previous disclosure on June 13, 2025, when it held 5.08%.

    The holding by schemes of the Fund are from an investment perspective and not with the objective of seeking any controlling interest. However, the disclosures in this regard as required under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is enclosed herewith.

    Here's a summary of the stake sale:

     

    Details of Stake Sale
    ParticularsBefore SaleSaleAfter Sale
    Shares carrying voting rights30,49,68912,15,26118,34,428
    % w.r.t. total shares / voting capital5.08%2.02%3.06%
    % w.r.t. total diluted share / voting capital of the TC5.08%2.02%3.06%

     

    The mode of sale was through the secondary market. The equity share capital/total voting capital of Indiamart Intermesh Ltd. before and after the disposal remained constant at ₹60,03,21,480, comprising 6,00,32,148 shares of face value ₹10 each. The total diluted share/voting capital of the TC after the said disposal is ₹60,03,21,480 comprising of 6,00,32,148 shares of face value ₹10 each.

    Rakesh Shetty, Chief Compliance Officer & Company Secretary of ICICI Prudential Asset Management Company Limited, confirmed that the above information is in compliance with regulatory requirements.

    Alpha Desk
    first published: Sep 10, 2025 11:10 am

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