ICICI Prudential Mutual Fund increased its stake in Paradeep Phosphates from 2.63% to 2.99%, buying 37,33,558 shares for ₹53.57 Cr at ₹143.38 apiece.
India's second largest private sector phosphatic fertilizer manufacturer, Paradeep Phosphates produces and distributes a comprehensive range of non-urea fertilizers including DAP, multiple NPK grades, Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid. Incorporated in 1981, the company operates across manufacturing, trading, and distribution channels serving agricultural and industrial sectors. It distinguishes itself through vertically integrated operations and a diversified product portfolio addressing varied customer needs.
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.
