ICICI Prudential Mutual Fund reduced its stake in Divgi TorqTransfer Systems from 6.75% to 4.73%, selling 6,16,032 shares on the open market. This transaction took the fund's holding below the 5% disclosure threshold.
A manufacturer of automotive components and drivetrain systems, Divgi TorqTransfer Systems produces transfer cases, gearboxes, and related mechanical parts for commercial and utility vehicles across India. Established in 1964, the company serves major Indian and international automakers through its vertically integrated manufacturing operations and technical expertise. Its specialization in torque transfer technology and precision engineering distinguishes it within the automotive components sector.
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.