Asian Paints Limited
ICICI Prudential Mutual Fund decreased its stake in Asian Paints from 2.25% to 1.84%, selling 39,45,021 shares. However, it also recently acquired 85 lakh shares of Asian Paints for ₹1,876 crore at ₹2,207 apiece in a block deal where Reliance Industries was the seller.
India's largest home decor company, Asian Paints manufactures and sells wall paints, coatings, waterproofing solutions, and decorative products across residential and commercial segments. With over eight decades of operations, the company offers an extensive portfolio including wall coverings, texture finishes, adhesives, modular kitchens, sanitaryware, lighting fixtures, and home furnishings through multiple established brands. It serves customers through a widespread distribution network and retail presence across the country.
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.