Larsen & Toubro Limited
ICICI Prudential Mutual Fund decreased its stake in Larsen & Toubro from 3.58% to 3.15%, selling 57,24,859 shares.
A multinational conglomerate providing engineering, procurement, and construction solutions across infrastructure, hydrocarbon, power, process industries, and defence sectors in domestic and international markets. The company delivers integrated project execution capabilities and maintains significant operations in information technology and financial services. Larsen & Toubro serves clients globally with comprehensive technical expertise and execution capabilities across multiple industrial verticals.
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.