Ambuja Cements Limited
ICICI Prudential Mutual Fund increased its stake in Ambuja Cements from 1.78% to 1.91%, raising its shareholding from 44,072,491 to 47,536,488 shares. This represents an increase of 3,463,997 shares.ICICI Prudential Mutual Fund increased its stake in Ambuja Cements from 1.78% to 1.91%, acquiring 3,463,997 additional shares, bringing its total to 47,536,488 shares.
A leading cement manufacturer in India, Ambuja Cements produces cement for construction and infrastructure applications through six integrated manufacturing plants and eight grinding units spread across the country. Part of the Adani Group, the company operates a vertically integrated production system that spans raw material extraction to final product distribution. Its extensive manufacturing footprint and operational scale establish it as a major player in India's cement 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.