Havells India Limited
ICICI Prudential Mutual Fund has dropped off Havells India Limited's latest shareholder list, down from its last disclosed 1.15 percent stake. This shift represents either a complete exit or a reduction to just below the 1 percent reporting threshold.
A leading Fast Moving Electrical Goods manufacturer, Havells India produces a comprehensive range of circuit protection devices, cables, wires, motors, fans, modular switches, and home appliances including air conditioners and water heaters. The company serves domestic, commercial, and industrial markets with power distribution equipment and luminaires, maintaining strong global presence and market dominance across its diverse product 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.