V-Mart Retail Limited
ICICI Prudential Mutual Fund increased its stake in V-Mart Retail from 1.61% to 2.18%, buying 4,52,562 shares. The fund now holds 17,31,634 shares.
A value retail chain operating across multiple cities in India, V-Mart Retail specializes in affordable fashion, apparel, and lifestyle products for budget-conscious consumers. The company operates through a network of physical stores designed to provide accessible shopping experiences in tier-two and tier-three markets across the country. Its distinctive approach centers on offering quality merchandise at competitive prices through an efficient store format and focused product selection.
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.