Afcons Infrastructure Limited
ICICI Prudential Mutual Fund decreased its stake in Afcons Infrastructure Limited from 3.52% to 3.16%, selling 1,318,886 shares. The value of shares sold is ₹36.75 Cr at ₹278.65 apiece. This comes as mutual funds trimmed holdings in 83 smallcap stocks during the June 2026 quarter.
An infrastructure engineering and construction company, Afcons Infrastructure operates across civil construction, marine works, and industrial projects throughout India and internationally. Incorporated in 1959, the company specializes in building complex infrastructure including bridges, tunnels, ports, water management systems, and offshore structures. Its distinctive strength lies in executing large-scale, technically challenging projects that require specialized engineering expertise and integrated project management capabilities.
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.