INOX India Limited
ICICI Prudential Mutual Fund decreased its stake in INOX India Limited by selling 4,69,091 shares, reducing its holding from 2.20% (19,94,620 shares) to 1.68% (15,25,529 shares).
A specialist in cryogenic equipment and systems, Inox India designs, engineers, manufactures, and installs comprehensive solutions for operations requiring extreme low-temperature conditions. Founded in 1976, the company supplies cryogenic tanks and related equipment to diverse industries requiring specialized thermal management and equipment reliability. Its deep expertise in cryogenic technology and vertically integrated engineering capabilities distinguish it in India's industrial equipment sector.
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.