Chalet Hotels Limited
ICICI Prudential Mutual Fund decreased its stake in Chalet Hotels Limited from 2.46% to 2.39% by selling 150,399 shares. The value of the shares sold is approximately ₹13.08 Cr, calculated at the current share price of ₹869.55.
A hospitality operator engaged in owning and managing hotel properties across India's key markets. Chalet Hotels develops and operates upscale hotel assets while managing complementary commercial and retail spaces within its properties. The company focuses on the premium segment hospitality sector with an integrated real estate development approach to maximize asset utilization and generate diversified revenue streams.
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.