Power Grid Corporation of India Limited
Nippon India Mutual Fund entered Power Grid Corporation of India Limited with 17,38,26,129 shares, a 1.87% stake worth ₹4,971.27 Cr.
India's largest electric power transmission company operating extra-high voltage alternating current and high-voltage direct current transmission lines across the country. A Maharatna central public sector undertaking incorporated in 1989, it builds and maintains critical infrastructure for power distribution. The company plays a vital role in connecting power generation sources to distribution networks, enabling reliable electricity supply to consumers nationwide.
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.