ICICI Prudential Mutual Fund decreased its stake in Techno Electric & Engineering Company Limited from 2.34% to 1.91%, selling 499,295 shares.
A provider of engineering, procurement, and construction services in India's power infrastructure sector. Techno Electric & Engineering specializes in EPC solutions, asset ownership, and long-term operations and maintenance services for power generation and transmission projects. The company delivers comprehensive end-to-end infrastructure development and project management across the entire energy value chain, serving both public and private sector clients.
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.
