Orkla India Limited
Nippon India Mutual Fund reduced its stake in Orkla India Limited from 6.20% to 6.05%. The fund sold 2,00,000 shares.
A diversified Indian food company offering a comprehensive range of products spanning breakfast items, lunch and dinner solutions, snacks, beverages, and desserts across multiple categories. Orkla India operates several heritage brands including MTR, Eastern, and Rasoi Magic, which serve consumers through a broad portfolio of packaged food and beverage offerings. The company was incorporated in 1996 and maintains a significant presence in India's packaged food market.
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.