Vedant Fashions Limited
ICICI Prudential Life Insurance decreased its stake in Vedant Fashions Limited from 1.42% to 1.39%, selling 60,651 shares. The value of the shares at the current price of ₹533.95 is approximately ₹3.24 Cr.
A leading player in India's celebration wear market, the company operates a diverse portfolio of brands catering to weddings and festive occasions across multiple consumer segments. It specializes in men's Indian wedding and celebration wear, serving as a comprehensive one-stop destination for various price points and customer preferences. The company holds a dominant position in what remains a largely unorganized market segment in India.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.