Genus Prime Infra Limited
Nippon India Mutual Fund bought 14,58,388 shares of Genus Prime Infra Limited, representing a 1.87% stake worth ₹4.14 Cr at ₹28.42 apiece, establishing a new position in the company.
A vertically integrated player in India's commodity chemicals sector, this company manufactures and supplies chemical products for industrial applications. Established in 1985, it has expanded into infrastructure and real estate development, constructing residential and commercial projects across major Indian cities. The company's dual business model combines chemical production with property development, serving both industrial customers and end-consumers in the real estate market.
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.