ICICI Prudential Mutual Fund decreased its stake in Chemplast Sanmar Limited from 5.77% to 5.58% by selling 3,00,000 shares. The value of the remaining stake is ₹172.8 Cr at ₹195.79 apiece.
A major manufacturer of specialty chemicals including PVC resin and custom chemicals for the agrochemical, pharmaceutical, and fine chemical sectors. The company produces caustic soda, chlorochemicals, hydrogen peroxide, refrigerant gases, and industrial salt through integrated manufacturing operations. Its facilities are located across Tamil Nadu and Puducherry, serving diverse industrial customers with a comprehensive range of chemical products and solutions.
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.