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ICICI Prudential MF Raises Stake in Mphasis Above 5%
ICICI Prudential Mutual Fund has crossed the 5% shareholding mark in Mphasis, signaling strategic confidence in the IT major.
ICICI Prudential Mutual Fund has increased its holding in Mphasis Ltd to 5% of the company’s paid up capital following a net acquisition of shares.The disclosure to stock exchanges highlights the fund house’s growing confidence in the IT services firm’s long term growth prospects.Market analysts interpret the move a strategic portfolio positioning aimed at capturing value while clarifying investment is purely financial without seeking management.