Thermax Limited

ICICI Prudential Mutual Fund, which previously held a 1.01 percent stake in Thermax Limited, is no longer listed among its disclosed shareholders, indicating either a complete exit or a reduction in its holding to below the 1 percent reporting threshold.

A provider of equipment and solutions for the energy, environment, and chemical sectors, Thermax manufactures boilers, heaters, absorption chillers, power plants, solar equipment, and air pollution control systems. The company also produces water and waste recycling plants, ion exchange resins, and performance chemicals alongside related services and technical support. It serves industrial clients across India and international markets.

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.