GAIL (India) Limited
ICICI Prudential Mutual Fund has disappeared from GAIL (India) Limited's major shareholder list, leaving it unclear whether the fund completely exited its last reported 1.01 percent stake or simply pared it below the 1 percent disclosure threshold.
India's integrated natural gas company operates an extensive pipeline network spanning over 11,500 kilometers for natural gas and 2,300 kilometers for LPG distribution. The Government of India undertaking manages LPG processing units, petrochemical facilities, and holds strategic interests in liquefied natural gas ventures and city gas distribution networks across several cities. GAIL maintains wholly owned international subsidiaries in Singapore and the United States to expand operations in LNG trading, petrochemicals, and shale gas assets.
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.