ICICI Prudential Mutual Fund raised its stake in Can Fin Homes Limited from 2.75% to 3.49% by acquiring 9,80,845 shares.
A deposit-taking housing finance company registered with the National Housing Bank, Can Fin Homes specializes in providing smaller ticket-sized housing loans to salaried professionals, self-employed individuals, and non-professional borrowers across India. Canara Bank holds a significant majority stake in the company. The firm operates as a dedicated lender focused on affordable housing finance, serving underserved segments of the Indian housing market with customized loan products.
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.
