Azad Engineering Limited
ICICI Prudential Mutual Fund decreased its stake in Azad Engineering Limited from 4.94% to 3.51%, selling 9,24,805 shares for ₹219.96 crore at ₹2378.50 apiece.
A manufacturer of aerospace components and turbines, Azad Engineering supplies precision-engineered products to original equipment manufacturers across aerospace, defense, energy, and oil and gas sectors. Established in 1983, the company specializes in heavy electrical equipment and complex mechanical assemblies for mission-critical applications. Its vertically integrated manufacturing capabilities and focus on quality engineering distinguish it within India's industrial manufacturing landscape.
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.