ICICI Prudential Mutual Fund increased its stake in Powerica Limited from 3.52% to 4.63%, buying 14,05,636 shares. The transaction value is approximately ₹80.49 crore based on Powerica's share price of ₹572.65.
A power solutions company specializing in diesel generator sets for main and backup applications across industrial and commercial sectors. Incorporated in 1984, Powerica Ltd designs, manufactures, and distributes DG sets engineered for reliability in diverse operating environments. The company serves customers requiring dependable power generation through its established distribution network and comprehensive after-sales service infrastructure across India.
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.
