Oil & Natural Gas Corporation Limited
ICICI Prudential Mutual Fund increased its stake in Oil & Natural Gas Corporation Limited from 1.79% to 1.95%, acquiring 20,296,166 shares. The approximate value of these shares is ₹486.9 Cr at a price of ₹239.90 apiece.
India's largest crude oil and natural gas producer, this company engages in exploration, development, and production of hydrocarbons across diverse geographic regions. Operating both onshore and offshore fields, it supplies a substantial portion of the nation's domestic energy requirements. The company maintains an integrated upstream portfolio spanning multiple basins and plays a critical role in India's energy security and self-sufficiency.
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.