Apcotex Industries Limited
ICICI Prudential Mutual Fund decreased its stake in Apcotex Industries from 1.59% to 1.28%, reducing its shareholding from 824,115 to 662,243 shares.
A leading Indian manufacturer of synthetic rubber and synthetic latex products, Apcotex Industries produces specialized materials including nitrile rubber, high styrene rubber, nitrile polyblends, and nitrile powder alongside various latex formulations such as XSB latex, VP latex, styrene acrylics, and nitrile latex. The company serves diverse industrial sectors through its vertically integrated production capabilities, technical expertise in polymer chemistry, and commitment to quality manufacturing standards.
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.