SBI Funds Management Acquires 2% Stake in ADF Foods and ICICI Prudential Mutual Fund Buys Additional Pfizer Shares Worth ₹188 Crore

SBI Funds Management and ICICI Prudential Mutual Fund have been active in recent market deals, acquiring significant stakes in ADF Foods and Pfizer, respectively. These investments signal strategic decisions in diverse market segments. 

SBI Funds Management's Investment in ADF Foods 

On April 24, 2026, SBI Funds Management purchased a 2% equity stake in ADF Foods, a company known for its range of condiments, pastes, and ready-to-eat products.  

The acquisition was executed via open market transactions, involving the purchase of 13,00,000 shares at ₹259.98 each and 9,00,000 shares at ₹260 each.  

The total outlay for SBI Funds was approximately ₹57.19 crore, marking a strong investment in the food processing sector. 

ICICI Prudential Mutual Fund Enhances Pfizer Holdings 

In another notable transaction, ICICI Prudential Mutual Fund expanded its stake in Pfizer by acquiring 4,00,000 shares at ₹4,700 each, totalling ₹188 crore.  

This strategic purchase increased its holdings in the pharmaceutical giant, amidst notable trading volumes. This follows ICICI Prudential's existing 2.16% holding in Pfizer as of March 2026. 

Market Reactions and Stake Changes 

The market responded to these transactions with varying impacts on stock prices. ADF Foods experienced a 4.44% increase in its share price to ₹260.15, attributed to high trading volumes and market optimism. On the other hand, Pfizer shares saw a slight dip of 0.42% to ₹4,700 on the BSE. 

Read More: Gujarat Gas Share Price in Focus; Supports Morbi Ceramic Industry Revival with Assured Supply! 

Other Market Activities 

Alongside these developments, other market activities included BlackRock-managed iShares Global Water UCITS ETF boosting its stake in VA Tech Wabag and Nippon India Mutual Fund increasing its holdings in Orient Electric. These transactions highlight varied investment interests across different sectors. 

Conclusion 

SBI Funds Management's acquisition of a substantial stake in ADF Foods and ICICI Prudential Mutual Fund's increased investment in Pfizer reflect significant movements within the mutual funds sector. These activities have influenced stock performances and demonstrated strategic commitments to growth sectors. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.