Expo Engineering And Projects Limited

Nippon India Mutual Fund increased its stake in Expo Engineering And Projects Limited from 3.28% to 4.96%, acquiring 5,40,000 shares. This transaction occurred in a rights issue context.

A manufacturer of pressure vessels, columns, towers, and related industrial equipment serving diverse sectors across India. Established in 1982, the company operates in specialized engineering and fabrication, producing equipment for various industrial processes and applications. Beyond manufacturing, it undertakes site engineering projects, providing integrated solutions and technical expertise to clients in the industrial sector.

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.