Bajaj Finserv Limited
ICICI Prudential Mutual Fund raised its stake in Bajaj Finserv from 2.34% to 2.61%, purchasing 43,38,065 shares.
A diversified financial services holding company, Bajaj Finserv operates multiple business verticals serving millions of customers across India. The company provides asset financing solutions, general insurance products, life and health insurance coverage, and retirement savings solutions. Operating as the financial services backbone of the Bajaj group, it delivers comprehensive protection and wealth creation solutions to customers across different income segments and life stages.
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.