ICICI Prudential Mutual Fund reduces stake in <a href="https://comicvibe.com/little-house-on-the-prairie-returns-as-new-netflix-adaptation-aims-for-wholesome-entertainment/” title=”'Little House on the Prairie' returns as new Netflix adaptation aims for wholesome entertainment”>Entertainment Network India Ltd by over 2%
1 min read Updated on 04 Jul 2026, 10:47 AM
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ICICI Prudential Mutual Fund reduced its stake in Entertainment Network India Ltd by over 2%, selling 11,19,753 shares The fund’s holding now stands at 2.655%, down from 5.004%. The disclosure was filed under SEBI takeover regulations
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ICICI Prudential Mutual Fund has reduced its shareholding in entertainment network India Ltd by more than 2% following a series of open market sales conducted between October 16, 2019, and July 2, 2026. The fund executed a net sale of 11,19,753 equity shares, decreasing its stake from 5.004% to 2.655% of the company’s paid-up capital. This transaction was disclosed to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
The disclosure, received by Entertainment Network India Ltd on July 3, 2026, confirmed that the mutual fund’s holding is purely from an investment perspective and not intended to acquire controlling interest. The total equity share capital of the company remains ₹ 47,67,04,150, comprising 4,76,70,415 shares of face value ₹10 each
Shareholding Details
The reduction in stake was achieved through the sale of shares carrying voting rights. The following table outlines the changes in the fund’s holdings:
| Description | Number of Shares | % of Total Shares |
|---|---|---|
| Holding Before Sale | ||
| Shares carrying voting rights | 23,85,356 | 5.004 |
| Net Sale | ||
| Shares carrying voting rights sold | 11,19,753 | 2.349 |
| Holding After Sale | ||
| Shares carrying voting rights | 12,65,603 | 2.655 |
Regulatory Compliance
The filing was submitted by Rakesh Shetty, Chief Compliance Officer & Company Secretary of ICICI Prudential Asset Management Company Limited. The fund confirmed that the necessary disclosures have been filed with BSE Limited and the National Stock Exchange of India Limited. Entertainment Network India Ltd’s Compliance Officer, Mehul Rasiklal Shah, forwarded the disclosure to the exchanges on July 4, 2026
Historical Stock Returns for Entertainment Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | -3.36% | -3.23% | -8.11% | -31.64% | -39.12% |
What factors might have driven ICICI Prudential Mutual Fund to significantly reduce its stake over this period?
How could this reduction in institutional holding impact the liquidity and stock price of Entertainment Network India Ltd?
Will other major mutual funds or institutional investors follow suit in reducing their exposure to the company?
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