ICICI Prudential Mutual Fund increased its stake in The Phoenix Mills Limited from 1.87% to 2.05%, buying 647,720 additional shares. The total value of ICICI Prudential Mutual Fund's holding in The Phoenix Mills is now ₹1,582.68 Cr.
A diversified real estate developer and mall operator, Phoenix Mills constructs and manages commercial and residential properties across India. The company operates retail malls, office spaces, and hotels while providing comprehensive asset management services. Its integrated business model spans retail operations, hospitality ventures, and property development, positioning it across multiple real estate segments in the Indian market.
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.
