Tamil Nadu Newsprint & Papers Limited
ICICI Prudential Mutual Fund sold 18,01,237 shares of Tamil Nadu Newsprint & Papers Limited through the open market, reducing its stake from 5.04% to 2.43%.
A diversified manufacturer incorporated in 1979, T N Newsprint produces newsprint, paper, and paperboard for domestic and international markets. The company operates integrated cement production facilities and power generation units, creating a vertically diversified business model. It serves packaging, publishing, construction, and infrastructure industries across multiple sectors in India.
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.