ICICI Prudential Mutual Fund raised its stake in ZF Commercial Vehicle Control Systems India from 1.44% to 1.62%, increasing its holding by 15,71,663 shares to 18,45,372 shares.
A leading provider of advanced braking systems and air-assisted technologies for commercial vehicles in India, operating under the ZF WABCO brand as part of ZF Group's Commercial Vehicle Control Systems Division. The company manufactures conventional braking products and develops software solutions for the automotive sector. Headquartered in Chennai, it holds the dominant market position in braking systems and related control technologies across India's commercial vehicle industry.
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.
