Entertainment Network (India) Limited
ICICI Prudential Mutual Fund reduced its stake in Entertainment Network (India) from 5.00% to 2.65%, selling 11,19,753 shares via open market disposal.
A leading FM radio broadcasting operator in India, Entertainment Network operates multiple radio stations across the country serving diverse audiences with music, news, and entertainment programming. Incorporated in 1999, the company has established a significant presence in the radio broadcasting sector through its network of stations spanning major metropolitan and regional markets. The company generates revenue primarily through advertising and sponsorships on its radio platforms.
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.