Vedanta Limited
ICICI Prudential Mutual Fund decreased its stake in Vedanta Limited from 1.90% to 1.53%, selling 14,570,703 shares. The shares were worth approximately ₹385.67 crore at a price of ₹264.65 per share.
A diversified natural resources group engaged in exploring, extracting, and processing minerals and oil & gas across multiple continents. The company produces zinc, lead, silver, copper, aluminium, iron ore, and oil & gas, with operations spanning India, South Africa, Namibia, Ireland, Liberia, and the UAE. Beyond core mining activities, it operates commercial power generation, steel manufacturing, port facilities in India, and glass substrate production in South Korea and Taiwan.
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.