V-Guard Industries Limited
ICICI Prudential Mutual Fund cut its stake in V-Guard Industries from 7.64% to 4.81%, selling 1,23,63,740 shares. This transaction took the fund's total holding below the 5% disclosure threshold.
A manufacturer of consumer durables and electrical appliances, V-Guard Industries produces voltage stabilizers, water heaters, pumps, geysers, and home electronics for Indian households. Founded in 1977, the company has expanded from a regional South Indian brand to a national player offering a diverse range of thoughtfully engineered products across multiple categories. Its operations span manufacturing, distribution, and retail networks throughout 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.