Sobha Limited
ICICI Prudential Mutual Fund reduced its stake in Sobha Limited from 2.08% to 1.98%, selling 1,10,039 shares.
A real estate developer engaged in constructing and operating townships, housing projects, and commercial properties across India. Sobha manufactures interior fittings, glazing systems, metal works, and concrete products in-house, creating a vertically integrated business model that controls multiple stages of real estate development and construction. This integration enables better quality control and project delivery across residential and commercial segments.
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.