Deepak Nitrite Limited
ICICI Prudential Mutual Fund decreased its stake in Deepak Nitrite from 1.26% to 1.06%, selling 2,81,118 shares. The transaction was executed in a rights issue context.
A specialty chemicals manufacturer established in 1970, the company produces basic intermediates, fine and specialty chemicals, performance products, and phenolics for diverse end-use industries. It serves pharmaceuticals, agrochemicals, paints, coatings, and other industrial sectors globally. The company operates integrated manufacturing facilities across multiple locations and maintains a strong focus on research and development to innovate and enhance its chemical product offerings.
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.