New Delhi, March 23 -- In a sign of confidence, ICICI Prudential Mutual Fund raised its stake in Rainbow Childrens Medicare, one of the country's leading pediatric multi-specialty and perinatal care hospital chains to over 5%.

In its regulatory filing on Monday, March 23, Rainbow Childrens Medicare informed investors that ICICI Prudential Mutual Fund acquired an additional 1,60,949 shares, or 0.16%, on March 19 via the open market. The fund acquired the equity shares through its various equity schemes.

Following this acquisition, ICICI Prudential Mutual Fund now owns a 5.08% stake in the company, the regulatory filing showed. However, the company has not disclosed the price at which the fund house acquired these shares.

This fresh acqu...