VIP Industries Limited
ICICI Prudential Mutual Fund increased its stake in VIP Industries Limited from 1.88% to 1.93%, acquiring 64,987 shares. The fund now holds a total of 2,737,832 shares in the company.
A leading manufacturer and marketer of luggage, bags, and travel accessories in India, VIP Industries designs and produces a comprehensive range of products for domestic and international markets. The company operates across multiple product categories including hard-sided and soft luggage, backpacks, and travel gear for various consumer segments. Known for its established distribution network and strong brand presence, the company serves both retail and institutional customers through diverse sales channels and partnerships.
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.