Orient Electric Limited
ICICI Prudential Mutual Fund decreased its stake in Orient Electric Limited from 7.10% to 4.88% by selling 47,29,236 shares. The value of the sold shares is approximately ₹87.49 crore, calculated at the last closing price of ₹185.00 per share. This move reduced their holding below the 5% disclosure threshold.
A leading consumer electrical brand in India, Orient Electric manufactures fans, lighting products, home appliances, and switchgears for households and commercial spaces. The company distinguishes itself through strong research and development capabilities, a commitment to continuous innovation, and a focus on creating cutting-edge lifestyle electrical products. It serves modern consumers seeking quality and reliable electrical solutions for everyday use.
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.