ICICI Prudential Mutual Fund increased its stake in Reliance Industries Limited from 1.61% to 1.76%, buying 21,112,594 shares. The value of the additional shares is ₹2,739.54 Cr, calculated at ₹1296.90 per share.
India's largest petrochemicals and refining company, Reliance Industries operates vertically integrated facilities across crude oil refining, petrochemicals production, and downstream marketing. The conglomerate also maintains significant operations in telecommunications, retail, and renewable energy sectors. Founded by Dhirubhai Ambani, the company remains family-promoted with the Ambani family holding substantial shareholding and active management involvement.
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.
