InterGlobe Aviation Limited
ICICI Prudential Mutual Fund increased its stake in InterGlobe Aviation Limited from 5.25% to 5.81%. The fund house purchased 21,76,727 shares to bring its total holding to 2,24,81,694 shares.
India's largest passenger airline operating as a low-cost carrier, IndiGo serves 86 destinations including 24 international routes across the country and beyond. The airline distinguishes itself through an unbundled business model that emphasizes simple products and transparent pricing. IndiGo focuses on delivering low fares, punctual flights, and courteous service to passengers, having grown its fleet significantly since commencing operations in 2006.
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.