Laxmi Organic Industries Limited
ICICI Prudential Mutual Fund decreased its stake in Laxmi Organic Industries Limited from 3.20% to 2.83% by selling 10,15,731 shares.
A specialty chemicals manufacturer established in 1989, the company produces ethyl acetate, acetic acid, and diketene derivative products for industrial applications across pharmaceuticals, agrochemicals, and related sectors. Operating in more than 30 countries with 11 offices throughout India, it serves customers globally. The company acquired its diketene derivative technology and business from Clariant Chemicals India Limited.
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.