Bharat Petroleum Corporation Limited
ICICI Prudential Mutual Fund raised its stake in Bharat Petroleum Corporation Limited from 1.71% to 2.28%. The fund added 2,48,10,268 shares, increasing its holding to 9,91,28,147 shares.
A public sector refiner and marketer of petroleum products, Bharat Petroleum operates integrated facilities for crude oil processing and distribution across India. The company maintains a significant downstream presence through its extensive network of retail outlets, distribution centers, and supply infrastructure. Its operations span refining, marketing, logistics, and trading of petroleum products across domestic and international markets, serving consumers and industrial clients nationwide.
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.