ACC Limited
ICICI Prudential Mutual Fund increased its stake in ACC Limited from 1.29% to 1.86%, buying 10,68,320 shares. The value of the additional shares is ₹147 Cr at a price of ₹1377.70 apiece.
A leading cement manufacturer in India, ACC produces cement and ready-mix concrete for domestic construction and infrastructure markets. Established in 1936 and part of the Adani Group, the company operates multiple manufacturing facilities across the country. ACC serves builders, contractors, and infrastructure developers through its vertically integrated production capabilities and distribution network.
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.