ICICI Prudential Mutual Fund decreased its stake in DLF Limited from 1.45% to 1.43% by selling 425,501 shares. The value of the shares sold is ₹28.4 Cr, based on DLF's share price of ₹667.80.
A vertically integrated real estate developer, DLF engages in land acquisition, project planning, construction, and marketing of residential, commercial, and retail properties across India. Beyond core real estate development, the company operates complementary businesses including property leasing, power generation, maintenance services, hospitality, and recreational facilities. DLF functions through a network of subsidiaries, associates, and joint ventures to execute its diverse portfolio.
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.
