JK Lakshmi Cement Limited
ICICI Prudential Mutual Fund bought 7,50,000 shares of JK Lakshmi Cement for ₹44.35 Cr at ₹591.30 apiece through an open market transaction, increasing its stake from 5.29% to 5.89%.
A manufacturer and supplier of cement and building materials across India, JK Lakshmi Cement operates as part of the JK Group conglomerate. The company produces Portland cement, ready-mix concrete, and autoclaved aerated concrete blocks for the construction and infrastructure sectors. Its integrated operations span multiple states, serving builders, contractors, and infrastructure developers through an established distribution network and manufacturing facilities.
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.