ICICI Prudential Mutual Fund entered Cholamandalam Investment and Finance Company Limited with 1,09,39,510 shares, representing a 1.28% stake.
A diversified non-banking financial company, Cholamandalam Investment & Finance provides vehicle finance, home loans, and loans against property to retail customers across India. The company operates as one of India's premier NBFCs with a strong focus on asset-backed lending. Its distinctive approach combines extensive distribution networks with customized financial solutions tailored to meet diverse customer needs in the retail lending segment.
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.
