Birla Corporation Limited
ICICI Prudential Mutual Fund decreased its stake in Birla Corporation Limited from 1.87% to 1.05%, selling 6,29,507 shares.
A major cement manufacturer in India, Birla Corporation produces various types of cement for construction and infrastructure applications across multiple regions. Part of the M.P. Birla Group, the company operates integrated cement facilities and maintains a significant presence in the jute goods sector, diversifying its revenue streams beyond core cement operations and serving customers in both domestic and export markets.
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.