Gujarat Pipavav Port Limited
ICICI Prudential Mutual Fund decreased its stake in Gujarat Pipavav Port Limited from 4.46% to 3.15%, selling 63 lakh shares worth ₹95.3 crore.
A privately-owned deep-water port located on Gujarat's southwest coast near Bhavnagar, Gujarat Pipavav Port serves as a gateway for international maritime trade. Strategically positioned on major shipping routes connecting India with the US, Europe, Africa, the Middle East, and the Far East, the port handles container, breakbulk, and multipurpose cargo operations. As India's first private sector port, it provides modern infrastructure and efficient logistics services to support domestic and international commerce.
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.