ICICI Prudential lifts SBI Cards stake to 7.30%
In short
ICICI Prudential Mutual Fund increased its stake in SBI Cards and Payment Services to 7.30%. It bought 2.02 crore shares, including 21.61 lakh shares in the latest purchase on August 25, 2026.
The move means a bigger holding in the company. The report does not say how much was paid or why the stake was raised.
What the reporting says
ICICI Prudential Mutual Fund raised its stake in SBI Cards and Payment Services to 7.30% by acquiring 2.02 crore shares. The latest purchase on August 25, 2026 involved 21.61 lakh shares, up from a previous 5.18% holding, according to the publisher-supplied summary. The report does not state the purchase price or the investment rationale.
Why it matters
ICICI Prudential Mutual Fund increased its holding in SBI Cards and Payment Services to 7.30% after buying 2.02 crore shares, with 21.61 lakh shares purchased on August 25, 2026. The report says the stake rose from 5.18% but does not provide the deal value or motive. For SBI Cards shareholders, the change signals a larger institutional position, though the near-term market impact is not stated.