Nippon India Mutual Fund trimmed its stake in ION Exchange (India) Limited from 4.95% to 4.88%, selling 1,00,000 shares.
A water treatment solutions provider, Ion Exchange operates across the complete water cycle including pre-treatment, process water treatment, wastewater management, recycling, and zero liquid discharge systems. The company also handles sewage treatment, packaged drinking water production, and seawater desalination. Its comprehensive service portfolio addresses water challenges across industrial, municipal, and commercial sectors in India and internationally.
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.
