ICICI Prudential Mutual Fund has taken a new position in Bharti Airtel, acquiring 104,981,853 shares, representing a 1.68% stake, as part of a rights issue. The rights issue offered shares at ₹535 apiece.
A global telecommunications provider delivering cellular and fixed-line services across India, Sri Lanka, and fourteen African countries. The company operates an integrated network infrastructure serving millions of customers through voice, data, and digital connectivity solutions. Its multinational presence and diversified service portfolio establish it as one of the world's leading telecom operators with extensive regional reach and operational scale.
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.
