Gujarat Narmada Valley Fertilizers and Chemicals Limited
ICICI Prudential Mutual Fund reduced its stake in Gujarat Narmada Valley Fertilizers and Chemicals Limited from 8.35% to 7.02%, selling 19,53,251 shares.
A joint sector enterprise promoted by Gujarat State Investments Limited and Gujarat State Fertilizers & Chemicals Ltd that manufactures and markets industrial chemicals and fertilizers. Established in Bharuch in 1976, the company produces a diverse portfolio of bulk chemicals used across industries for manufacturing specialty chemicals and end products. It also operates a small IT services business.
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.