Usha Martin Limited
ICICI Prudential Mutual Fund decreased its stake in Usha Martin Limited from 2.16% to 1.57% by selling 1,778,186 shares.
A manufacturer of steel wires, strands, wire ropes, and cords serving industrial applications across India. The company produces specialized wire products and related accessories for construction, mining, infrastructure, and marine sectors. Usha Martin also manufactures wire drawing machines and allied equipment used in steel processing. Its integrated production facilities and technical expertise in wire manufacturing distinguish it in the domestic market.
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.