Smart Money Alert

REC Limited

ExitedQuarterly

RECLTDFinancial ServicesMarket Cap₹77K Cr

Prev stake

1.16%

Holding before

3.06 Cr shares

As of

Sept 2026

ICICI Prudential Mutual Fund

Mutual Fund

The move

ICICI Prudential Mutual Fund has dropped off REC Limited's key shareholder list, meaning the fund either exited completely or trimmed its previous 1.16 percent stake to below the 1 percent reporting threshold.

About REC Limited

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A Central Public Sector Undertaking under India's Ministry of Power, REC Limited finances projects across the entire power sector value chain, including generation, transmission, and distribution infrastructure. The company provides financial support to state electricity boards, private developers, and renewable energy enterprises nationwide. REC operates as a dedicated infrastructure finance institution supporting India's power sector development and energy transition goals through long-term project financing.

About ICICI Prudential Mutual Fund

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India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.

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More moves in REC Limited

LICIncreased

LIC raised its stake in REC Limited from 3.33% to 5.66%, acquiring 6,15,06,717 shares during the quarter and crossing the 5% disclosure threshold. Prior disclosures accounted for 9,93,000 of these shares.

14 Oct 2026

Nippon India Mutual FundIncreased

Nippon India Mutual Fund increased its stake in REC Limited from 1.86% to 2.10%, buying 64,13,535 shares. The fund house now holds 5,53,89,011 shares.