Ratnamani Metals & Tubes Limited
ICICI Prudential Mutual Fund decreased its stake in Ratnamani Metals & Tubes from 5.10% to 4.76%, selling 2,39,892 shares worth ₹63.76 crore at ₹2656.80 apiece, and crossing the 5% disclosure threshold.
A manufacturer of stainless steel and carbon steel pipes and tubes, Ratnamani Metals operates integrated production facilities across India. The company specializes in seamless and welded pipe solutions for diverse industrial applications including oil and gas, power, petrochemicals, and chemical sectors. Its vertically integrated operations and dedicated manufacturing infrastructure enable consistent quality control and efficient production of specialized piping products for domestic and international markets.
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.