New Delhi, May 22 -- ICICI Prudential Mutual Fund has raised its shareholding in PI Industries to 7.16% from 5.12% after purchasing an additional 4.38 lakh shares on 20 May 2026.

The fund house has acquired more than 30.9 lakh shares since its last disclosure in October 2025, indicating continued institutional confidence in the company. It also clarified that the stake increase is solely for investment purposes and does not involve any intent to gain controlling interest in the company.

As of March 2026, ICICI Prudential Mutual Fund held 6.99% stake (10,599,897 shares) in the company as per BSE data.

(more to come)

Published by HT Digital Content Services with permission from MINT....