Siemens Energy India Limited
Nippon India Mutual Fund decreased its stake in Siemens Energy India Limited from 2.05% to 1.62%, selling 1,518,769 shares. The value of the sold shares is ₹529.23 crore at ₹3485.70 apiece.
A leading energy technology provider, Siemens Energy India delivers integrated solutions across power generation and transmission systems. The company works with customers and partners on energy systems for the future, supporting the transition to a more sustainable world. Its portfolio spans almost the entire energy value chain, from power and heat generation and transmission to storage and related services.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.