ICICI Prudential Mutual Fund Increases Stake in V-Guard Industries to 7.04%
ICICI Prudential Mutual Fund has increased its stake in V-Guard Industries from 5.01% to 7.04% through the acquisition of 88.85 lakh shares via secondary market purchases between October 2025 and January 2026. The fund clarified that the investment is purely from an investment perspective without seeking controlling interest, with the disclosure made under SEBI substantial acquisition regulations.

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ICICI Prudential Mutual Fund has substantially increased its shareholding in v-guard industries through a significant acquisition disclosed under SEBI regulations. The mutual fund has acquired 88,84,696 shares of the electrical goods manufacturer through secondary market purchases.
Shareholding Details
The fund's shareholding has increased from 5.01% to 7.04% of V-Guard Industries' paid-up capital, marking an increase of more than 2% since the previous disclosure made on October 23, 2025. The acquisition represents a strategic investment move by one of India's leading asset management companies.
| Parameter | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares | 2,18,43,603 | 3,07,28,299 | +88,84,696 |
| Shareholding (%) | 5.01% | 7.04% | +2.03% |
Acquisition Timeline and Method
The net acquisition of 88,84,696 shares was executed over a period spanning from October 21, 2025, to January 19, 2026. All purchases were made through the secondary market, demonstrating the fund's systematic approach to building its position in the company.
The most recent transaction involved the acquisition of 1,52,059 shares on January 19, 2026, which triggered the disclosure requirement under SEBI regulations due to the cumulative increase exceeding the 2% threshold.
Company Capital Structure
V-Guard Industries' equity share capital has shown a marginal increase during the acquisition period:
| Capital Details | Before Acquisition | After Acquisition |
|---|---|---|
| Share Capital | ₹43,59,98,786 | ₹43,63,44,639 |
| Number of Shares | 43,59,98,786 | 43,63,44,639 |
| Face Value per Share | ₹1.00 | ₹1.00 |
Investment Perspective
ICICI Prudential Mutual Fund has clarified that the shareholding is maintained from an investment perspective and not with the objective of seeking any controlling interest in V-Guard Industries. This disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The fund operates through various schemes and the acquisition represents a collective investment decision across these schemes. V-Guard Industries shares are listed on both BSE Limited and the National Stock Exchange of India Limited, providing adequate liquidity for such substantial transactions.
Historical Stock Returns for V-Guard Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.22% | -2.11% | -7.40% | -24.34% | -20.98% | +41.25% |







































