ICICI Prudential MF Raises Stake Above 5% in Rainbow Children’s Medicare

ICICI Prudential Mutual Fund has increased its stake in Rainbow Children’s Medicare, one of India’s leading pediatric multi-speciality and perinatal care hospital chains, crossing the 5% threshold.

Acquisition Details

According to a regulatory filing dated Monday, March 23, the fund house acquired an additional 1,60,949 shares, representing a 0.16% stake, on March 19 through open market transactions. The purchase was made across various equity schemes managed by the fund.

Total Holding Now at 5.08%

Following this transaction, ICICI Prudential Mutual Fund’s total holding in the company has risen to 5.08%. The filing, however, did not disclose the price at which the shares were acquired. The fresh buying comes at a time when the stock has been experiencing sharp volatility, in line with the broader market sell-off.

Also Read: HDFC CRISIL-IBX Financial Services 9–12 Months Debt Index Fund NFO Closes Today, March 23, 2026

Shareholding Pattern

As per Trendlyne data for the December-ended quarter, promoters continue to hold a majority stake of 49.8% in the company. Foreign institutional investors (FIIs) own 19.2%, while domestic institutional investors (DIIs) hold 19.5%. The remaining 11.4% stake is held by public shareholders.

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