ICICI Prudential Mutual Fund decreased its stake in KEC International from 2.62% to 1.20% by selling 3,773,434 shares. The value of the sold shares is approximately ₹186.99 crore, calculated at a share price of ₹495.85.
A global infrastructure engineering, procurement, and construction company, KEC International operates across power transmission and distribution, railways, civil works, urban infrastructure, solar energy, oil and gas pipelines, and cable manufacturing. The company delivers integrated project solutions across multiple geographies and sectors, combining technical expertise with established market presence. As the flagship company of the RPG Group, it provides end-to-end infrastructure development services to clients worldwide.
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.
