ICICI Prudential Mutual Fund increased its stake in UPL Limited from 2.49% to 3.69%, acquiring 10,092,771 shares. The approximate value of these shares is ₹576.99 crore, based on a share price of ₹571.90.
A leading agrochemicals manufacturer, UPL is principally engaged in the production and distribution of pesticides, industrial chemicals, chemical intermediates, and specialty chemicals serving diverse agricultural and industrial sectors. The company also produces and sells field crop and vegetable seeds, catering to farmers across India and international markets. UPL's vertically integrated business model spanning crop protection solutions and seed production distinguishes it within the agrochemical industry.
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.
