Universal Cables Limited
ICICI Prudential Mutual Fund decreased its stake in Universal Cables Limited from 2.79% to 1.66%, selling 390,507 shares. The value of the remaining stake is ₹98.17 Cr.
A manufacturer of power cables and electrical components serving India's infrastructure, industrial, and utility sectors. Universal Cables produces a comprehensive range of power cables spanning low to high voltage applications, along with capacitors, conductors, and various specialized wire products. The company also undertakes turnkey projects, providing integrated solutions for power distribution, transmission, and electrical systems across diverse industries.
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.