Galaxy Surfactants Limited
Nippon India Mutual Fund increased its stake in Galaxy Surfactants Limited from 3.86% to 4.04%, buying 62,275 shares. The shares are valued at ₹2,316.40 apiece, totaling ₹14.42 Cr.
A leading manufacturer of performance surfactants and specialty care products for the home and personal care industries. Galaxy Surfactants produces over 205 product grades used in hair care, oral care, skin care, cosmetics, soaps, shampoos, lotions, detergents, and cleaning products. The company serves as a preferred supplier to major multinational consumer brands, regional players, and local FMCG manufacturers across India and operates as the country's largest manufacturer of oleochemical-based surfactants.
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.