ICICI Prudential Mutual Fund decreased its stake in R R Kabel Limited from 4.73% to 4.70% by selling 24,596 shares. The value of the shares sold was approximately ₹5.64 crore, at a price of ₹2293.30 apiece.
A manufacturer of consumer electrical products serving residential, commercial, industrial, and infrastructure markets across India. RR Kabel operates through two main segments: wires and cables, including house wires, industrial wires, power cables, and special cables; and fast-moving electrical goods comprising fans, lighting, switches, and appliances. The company has built a diversified presence in the electrical products sector since its establishment in 1995, catering to varied customer segments and applications.
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.
