Grasim Industries Limited
ICICI Prudential Mutual Fund is no longer listed among the key shareholders of Grasim Industries Limited. The mutual fund either fully exited or trimmed its previous 1.01 percent holding below the 1 percent regulatory disclosure threshold.
A flagship company of the Aditya Birla Group, this vertically integrated manufacturer produces viscose staple fibre, caustic soda, speciality chemicals, and rayon-grade wood pulp across multiple manufacturing locations in India. The company also operates in fertiliser and textile sectors. It ranks among India's largest private sector enterprises with diversified operations spanning chemicals, natural fibres, and specialty products across various industrial verticals.
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.