Tata Motors Passenger Vehicles Limited
ICICI Prudential Mutual Fund decreased its stake in Tata Motors Passenger Vehicles Limited from 3.30% to 2.86%, selling 1,61,41,136 shares. The approximate value of shares sold is ₹541.69 crore based on a share price of ₹335.60.
A global automobile manufacturer and part of the Tata conglomerate, this company designs and produces a diverse portfolio of passenger cars, utility vehicles, and commercial vehicles for domestic and international markets. The company operates integrated manufacturing facilities across multiple locations and leverages its parent group's extensive resources, expertise, and distribution networks. It competes across multiple vehicle segments with a focus on innovation, affordability, and customer accessibility.
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.