Nippon India Mutual Fund trimmed its stake in eClerx Services from 3.80% to 3.76%. The fund sold 33,219 shares, reducing its total holding to 35,40,707 shares.
A business process management and automation services provider, eClerx delivers outsourcing, automation, and analytics solutions to Fortune 2000 enterprises globally. The company serves clients across financial services, communications, retail, fashion, media, entertainment, manufacturing, travel, and technology sectors. Established in 2000, eClerx specializes in managing complex business operations and process optimization for multinational corporations seeking operational efficiency and cost effectiveness.
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.
