ICICI Prudential Mutual Fund raised its stake in National Aluminium Company Limited from 1.17% to 1.63%. The fund purchased 83,69,922 shares.
India's largest integrated aluminium producer, National Aluminium manufactures and sells both alumina and aluminium products for industrial and commercial applications. Incorporated in 1981, the company operates across mining, refining, and smelting operations, controlling the entire value chain from bauxite extraction to finished aluminium. Its vertical integration and captive mining assets distinguish it within India's aluminium sector.
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.
