ICICI Prudential Mutual Fund decreased its stake in Ingersoll Rand (India) Limited from 4.07% to 2.91%, selling 3,66,258 shares worth ₹167.65 crore at ₹4571.20 apiece.
A manufacturer of industrial air compressors and compressed air systems, Ingersoll Rand India serves diverse sectors including manufacturing, construction, mining, and food processing. The company provides comprehensive solutions encompassing equipment design, sales, installation, commissioning, and ongoing maintenance services. Its operations focus on delivering reliable pneumatic technology, technical expertise, and customer support to industrial clients across India and neighboring regions.
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.
