Gujarat Energy Limited
ICICI Prudential Mutual Fund decreased its stake in Gujarat Energy Limited from 5.79% to 4.16%, reducing its holding by over 1.53 crore shares.
A natural gas distribution company operating across South and Central Gujarat and Saurashtra, Gujarat Gas Limited supplies CNG, PNG, LPG, and LNG to domestic, industrial, commercial, and non-commercial customers. The company operates as a government entity engaged in building and maintaining distribution networks that connect gas sources to end-users. It serves multiple customer segments and geographical regions throughout its operational areas in India.
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.