Amara Raja Energy & Mobility Limited
ICICI Prudential Mutual Fund has dropped off the latest shareholder list for Amara Raja Energy & Mobility Limited. This change from the previously disclosed 1.24 percent stake indicates either a complete exit or a reduction below the 1 percent reporting threshold.
One of India's largest manufacturers of lead-acid batteries, Amara Raja Energy & Mobility Limited produces storage solutions for both industrial and automotive applications across the country. The company operates as the flagship entity of the Amara Raja Group and maintains a technology-leading position in the Indian storage battery sector. Its core operations span manufacturing, distribution, and continuous innovation in battery-based energy and mobility solutions.
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.