SBI Cards has cancelled the virtual group investor and analyst meet originally scheduled for August 28, 2026. The session, organized by Morgan Stanley, was to be conducted from Gurugram.

The company disclosed the cancellation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, signed by Payal Mittal Chhabra, Chief Compliance Officer and Company Secretary, cited "certain unavoidable circumstances" as the reason for calling off the event.

Meeting Details

The disclosure was uploaded to the company website at sbicard.com. No rescheduled date has been announced.

ICICI Prudential Mutual Fund increased its stake in SBI Cards to 7.30% following a net acquisition of 21,60,916 shares on August 25, 2026.

The purchase was executed in the open market, marking a significant addition to the fund's existing portfolio position.

Acquisition Details

The mutual fund disclosed the transaction under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing indicates that the acquisition pushed the fund's total shareholding above the 2% threshold relative to its previous disclosure.

Holding Structure

Prior to this specific acquisition, the fund held 4,93,07,509 shares, representing 5.18% of the company's paid-up capital as per the last disclosure filed on April 26, 2024.

Since that previous filing date, the fund has accumulated a net total of 2,01,71,877 shares. This cumulative increase brings the total number of voting rights held by the fund to 6,94,79,386 shares.

Regulatory Context

The disclosure confirms that the holdings are maintained for investment purposes and not with the objective of seeking controlling interest. The company's total equity share capital stands at ₹9,51,61,45,080, comprising 95,16,14,508 shares of face value ₹10 each after the acquisition.

The diluted share capital is recorded at ₹9,52,00,55,540, comprising 95,20,05,554 shares.