Nippon India Mutual Fund took a new position in Vishal Mega Mart Limited, acquiring 13,17,11,912 shares, representing a 2.82% stake in the company. The total value of these shares is ₹1,536.87 Cr based on a share price of ₹116.69 apiece.
A hypermarket chain operating across India, Vishal Mega Mart offers a diverse range of products including apparel, groceries, electronics, and home essentials under one roof. The company serves customers through a network of retail stores designed to provide convenient one-stop shopping experiences. Established in 2001, it operates as a diversified retail business catering to everyday consumer needs across multiple product categories and price points.
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.
