ICICI Prudential Mutual Fund increased its stake in Sagility Limited from 3.15% to 3.48%, raising its shareholding from 147,329,815 to 163,014,773 shares. This translates to an acquisition of 15,684,958 shares, worth ₹65.92 crore at ₹42.03 apiece.
A healthcare-focused technology services company, Sagility provides IT-enabled solutions to payer and provider organizations primarily in the United States. The company delivers comprehensive services including claims processing, revenue cycle management, clinical operations support, and business process outsourcing. Established in 2021, Sagility serves major healthcare clients requiring specialized operational expertise, digital transformation capabilities, and back-office support across complex healthcare workflows and regulatory compliance requirements.
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.