ICICI Prudential Mutual Fund raised its stake in Atul from 4.25% to 4.51%, buying 74,761 shares. The fund house now holds 13,27,171 shares of the company.
A diversified specialty chemicals manufacturer based in Gujarat, Atul produces chemical products serving industries across life sciences and performance chemicals. The company operates through nine distinct business divisions that supply raw materials and specialty compounds to pharmaceutical, agrochemical, and industrial sectors. Its integrated manufacturing capabilities, vertical integration across multiple chemical platforms, and focus on specialty products distinguish it within India's chemical industry.
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.
