CIE Automotive India Limited
ICICI Prudential Mutual Fund decreased its stake in CIE Automotive India Limited from 4.86% to 4.76%, selling 367,903 shares. The value of the sold shares is ₹14.69 Cr, at a price of ₹399.35 per share.
A manufacturer of automotive components serving original equipment manufacturers and customers across India and overseas markets. The company produces a comprehensive range of automotive parts including chassis, transmission, and engine components for leading vehicle manufacturers globally. Operating as a subsidiary of CIE Automotive S.A, a Spain-based automotive components group, it specializes in delivering quality components to both domestic and international automotive customers.
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.