Zydus Wellness Limited
Nippon India Mutual Fund decreased its stake in Zydus Wellness from 5.91% to 5.78%, selling 4,09,344 shares. The transaction took place in the context of a rights issue.
An integrated consumer company, Zydus Wellness develops, produces, markets and distributes health and wellness products across the entire value chain. The company operates established brands including Sugar Free, Everyuth and Nutralite, serving diverse consumer needs in nutritional supplements, personal care and food categories. Its vertically integrated model spans product development through distribution, positioning it as a significant player in India's health and wellness 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.