ICICI Prudential Mutual Fund decreased its stake in Somany Ceramics from 2.66% to 1.72%, selling 384,379 shares. The value of the sold shares was ₹20.08 Cr at ₹522.55 apiece.
A ceramics manufacturer producing a comprehensive range of decor solutions for residential and commercial spaces across India. Somany Ceramics specializes in ceramic wall and floor tiles, polished and glazed vitrified tiles, sanitary-ware, and bath fittings. The company operates as an integrated producer offering complete solutions through both manufacturing and trading operations, serving customers in the building materials and home construction sectors with diverse 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.
