ICICI Prudential Mutual Fund decreased its stake in Omnitech Engineering from 2.28% to 2.00%, selling 349,179 shares worth ₹18.48 crore at ₹529.30 apiece.
A manufacturing and engineering solutions company, Omnitech Engineering specializes in precision-engineered components, turnkey industrial automation solutions, and customized mechanical systems. The company serves diverse industries including automotive, textiles, pharmaceuticals, and food processing. Its distinctive approach combines in-house design, advanced manufacturing capabilities, and systems integration expertise to deliver comprehensive solutions for complex industrial automation and mechanical engineering requirements.
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.
