NOCIL Limited

ICICI Prudential Mutual Fund decreased its stake in NOCIL Limited from 3.35% to 2.55%, selling 13,41,379 shares.

A leading manufacturer of specialty rubber chemicals, NOCIL produces compounds used by India's tyre and rubber processing industries. Incorporated in 1961 and part of the Arvind Mafatlal Group, the company holds the distinction of being the country's largest rubber chemicals manufacturer. Its comprehensive product portfolio serves as essential inputs for tire production, automotive components, and various rubber applications across industrial and consumer sectors.

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.