Vesuvius India Limited
ICICI Prudential Mutual Fund decreased its stake in Vesuvius India from 1.64% to 1.44%, selling 392,105 shares for ₹18.27 Cr at ₹465.90 apiece.
A manufacturer and trader of refractory goods, Vesuvius India serves industries requiring high-temperature materials and thermal management solutions. Incorporated in 1991, the company produces specialized refractories used in steel, cement, glass, and other heat-intensive industrial processes. The company operates through a network of manufacturing facilities and distribution channels across India, providing engineered refractory products and technical support to industrial customers in demanding applications.
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.