Tata Steel Limited
ICICI Prudential Mutual Fund entered Tata Steel, acquiring 288,722,018 shares, representing a 2.31% stake. This new position is valued at approximately ₹5,279.79 crore at a share price of ₹182.67.
Asia's first integrated private steel company, Tata Steel operates across the entire value chain from mining iron ore and coal to producing and distributing finished steel products. Established in 1907, the company maintains a vertically integrated business model spanning exploration, processing, manufacturing, and distribution. It serves automotive, construction, infrastructure, and industrial sectors across India and internationally, leveraging its diversified operations and technical expertise.
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.