Escorts Kubota Limited
Nippon India Mutual Fund added over 0.73% of Escorts Kubota Limited and now holds 1.73%, or 19,32,932 shares.
A leading Indian engineering conglomerate, Escorts Kubota manufactures agricultural machinery, construction equipment, material handling solutions, and railway equipment for domestic and international markets. The company operates through a joint venture with Kubota Corporation of Japan, strengthening its technological capabilities and market position in farm mechanization. Its diversified portfolio spans tractors, engines, and industrial equipment across multiple sectors.
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.