ICICI Prudential Life Raises Its Stake in Hindustan Foods to More Than 5%

Authored By Ankur Chandra | Last Modified: Jan 7, 2026 02:46 PM IST

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Mumbai, May 28, 2025: ICICI Prudential Life Insurance Company Limited has raised its stake in Hindustan Foods Limited (NSE: HNDFDS) beyond the 5% threshold, triggering a mandatory disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Highlights

On May 27, 2025, the insurer acquired 100,738 equity shares of Hindustan Foods through open market transactions. This move increased its total shareholding to 5,964,255 equity shares, representing 5.0759% of the company’s total paid-up capital.

Particulars	Pre-Acquisition	Post-Acquisition
No. of Shares Held	5,863,517	5,964,255
% of Total Voting Capital	4.9901%	5.0759%
No. of Shares Acquired on May 27, 2025	–	100,738
Mode of Acquisition	–	Open Market
Total Voting Capital of Hindustan Foods	117,502,413 shares (₹2 FV)	117,502,413 shares (₹2 FV)

Disclosure and Compliance

The filing, dated May 27, 2025, was made to both the NSE and BSE. ICICI Prudential Life clarified that the acquisition was a passive, non-promoter investment and part of its regular portfolio management. Since the stake crossed the 5% mark, the disclosure was necessitated by SEBI norms.

The disclosure was signed by Sandeep Sahadevan, Head – Investment Operations and Expense Planning, confirming adherence to regulatory guidelines.

Strategic Perspective

Though characterised as a portfolio move, this development underscores increased institutional interest in Hindustan Foods — a rapidly scaling FMCG contract manufacturer known for its capabilities in food, beverage, and home care product segments.

Importantly, the company’s equity capital remains steady at ₹117.50 crore, with a face value of ₹2 per share, confirming the acquisition was purely from the secondary market and involved no equity dilution.

Company Backgrounds

ICICI Prudential Life Insurance: Founded in 2000, the company is one of India’s top private life insurers, with a well-diversified investment portfolio that spans equity, debt, and hybrid instruments.

Hindustan Foods Limited: A leading FMCG contract manufacturer in India, the firm services both domestic and global brands with advanced manufacturing units across various product categories.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/09B92FAC_E2EB_4BFB_A58A_E2C9DEA8BED1_094604.pdf

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