NTPC Limited
Nippon India Mutual Fund reduced its stake in NTPC Limited from 3.24% to 3.09%, selling 1,42,39,343 shares.
India's largest power generation company, NTPC operates thermal power plants and sells bulk electricity to state utilities across the country. Beyond power generation, the company provides engineering consultancy, project management and supervision services to clients. Its subsidiaries and joint ventures extend operations into energy trading, oil and gas exploration, and coal mining, establishing NTPC as a diversified player in India's energy sector.
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.