Andhra Paper Limited
ICICI Prudential Mutual Fund decreased its stake in Andhra Paper from 3.60% to 2.52%, selling 2,154,631 shares. The value of the sold shares was ₹13.09 Cr at ₹60.77 apiece.
Engaged in the manufacture and sale of paper, pulp, and paperboard, Andhra Paper operates across the basic materials sector in India. The company produces a comprehensive range of paper products for diverse applications including packaging, printing, writing, and industrial use. Its vertically integrated operations span pulp production through finished paper goods, positioning it as a significant player in India's paper manufacturing 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.