Wheels India Limited

Nippon India Mutual Fund sold 300,000 shares of Wheels India Limited for ₹27.00 Cr at ₹900.00 apiece, reducing its stake from 4.26% to 3.03%.

A manufacturer of road wheels and specialized components for construction and mining equipment, Wheels India serves critical infrastructure and industrial sectors. The company produces machinery parts, wheel assemblies, and components for wind turbine applications. Operating across multiple business segments, Wheels India caters to both domestic and international markets, supporting heavy equipment manufacturers and renewable energy projects through its diversified product portfolio.

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.