International Gemological Institute Limited
ICICI Prudential Mutual Fund decreased its stake in International Gemological Institute Limited from 2.89% to 1.95%, selling 4,067,820 shares for ₹140.95 Cr at ₹346.35 apiece.
The world's largest independent certification and accreditation services provider in diamonds, gemstones, and jewellery, this company operates globally with expertise in gemological assessment and authentication. It serves the jewellery industry by providing standardized grading, testing, and certification services that establish quality benchmarks across markets. The organization maintains laboratories across multiple continents and is recognized for setting industry standards in gemstone evaluation and consumer protection.
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.