CESC Limited
ICICI Prudential Mutual Fund decreased its stake in CESC Limited from 1.70% to 1.12%, selling 77,51,308 shares. The value of the sold shares is approximately ₹127.97 crore at ₹165.10 apiece.
An integrated power utility operating in India's eastern region, CESC Ltd generates and distributes electricity to residential, commercial, and industrial customers across its service areas. The company operates thermal and renewable power generation facilities alongside its distribution network infrastructure. With over four decades of operational experience, it manages the complete electricity value chain from power generation through transmission and last-mile consumer delivery services.
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.