ICICI Prudential Mutual Fund decreased its stake in KSB Limited from 2.89% to 1.69% by selling 2,097,342 shares. The value of the sold shares is ₹189.5 Cr at ₹903.60 apiece.
A manufacturer of industrial pumps and engineered fluid handling solutions, KSB Ltd serves agriculture, wastewater treatment, energy, and oil and gas sectors. The company produces standard end suction pumps, high-pressure multistage pumps, submersible motor pumps, and monoblock pumps alongside value-added components. Its comprehensive product range addresses critical fluid management needs across nuclear power plants, conventional power generation facilities, and various other industrial applications globally.
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.