ICICI Prudential Mutual Fund decreased its stake in Triveni Turbine from 5.45% to 4.42% by selling 33.79 lakh shares worth ₹208.20 crore at ₹616.70 apiece, crossing the 5% disclosure threshold.
A manufacturer and supplier of power generating equipment and solutions, Triveni Turbine serves India's energy sector with specialized turbine technology and related machinery for power generation applications. The company operates across multiple segments within the power equipment industry. Originally functioning as a division of Triveni Engineering & Industries since the 1970s, it became an independent listed entity following its demerger in October 2010.
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.
