General Insurance Corporation of India
ICICI Prudential Mutual Fund reduced its stake in General Insurance Corporation of India from 2.10% to 1.94% by selling 27,60,272 shares.
A state-owned general insurance company, General Insurance Corporation of India operates primarily in the reinsurance sector, providing risk transfer and claims settlement services to insurers across the country. The company plays a key role in India's reinsurance market by enabling insurers to manage exposure to large and catastrophic losses. It supports the broader insurance ecosystem through its specialized reinsurance operations and underwriting expertise.
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.