LG Electronics India Limited
ICICI Prudential Mutual Fund has dropped off the LG Electronics India Limited shareholder list, having last reported a 1.15 percent stake. This shift represents either a complete exit or a reduction to just below the 1 percent reporting threshold.
A manufacturer and distributor of home appliances and consumer electronics, LG Electronics India operates as a subsidiary of the South Korean conglomerate LG Corporation. The company produces a comprehensive range of household products including refrigerators, washing machines, air conditioners, televisions, and kitchen appliances for the Indian market. LG Electronics India serves both retail and commercial customers through an extensive distribution network across the country.
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.