ICICI Prudential Mutual Fund increased its stake in Mahindra Lifespace Developers from 3.67% to 3.79% by buying 2,50,000 shares. The stake is worth ₹30.42 Cr at a price of ₹380.25 apiece.
A real estate developer engaged in residential and commercial property development across India. The company constructs housing projects, office complexes, and commercial spaces while operating special economic zones and industrial clusters through subsidiary entities. Incorporated in 1999, it operates as a vertically integrated real estate firm serving both residential and institutional segments with projects spanning multiple cities nationwide.
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.