Leela Palaces Hotels & Resorts Limited
Nippon India Mutual Fund trimmed its stake in Leela Palaces Hotels & Resorts from 1.15% to 1.10%. The fund sold 1,45,661 shares of the company, reducing its holding to 36,88,067 shares.
A luxury hospitality company operating premium hotels and resorts across India under The Leela brand. The company manages upscale properties that cater to high-end travelers, corporate guests, and leisure visitors, offering comprehensive accommodations, fine dining, and wellness facilities. Known for its focus on personalized service and distinctive experiences, the company operates iconic properties in major Indian cities and leisure destinations, establishing itself as a key player in the luxury hospitality 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.