Data Patterns (India) Limited
Nippon India Mutual Fund decreased its stake in Data Patterns (India) Limited from 1.23% to 1.14%, selling 46,690 shares.
A vertically integrated aerospace and defence electronics solutions provider, Data Pattern manufactures indigenously developed defence products for India's military platforms. The company specializes in in-house design, development, and manufacturing of advanced electronic systems for space, air, land, and sea applications, including critical components for LCA-Tejas, Light Utility Helicopter, and BrahMos missile programmes. With over three decades of industry experience, it remains focused on innovation-driven solutions for the defence and aerospace 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.