Modis Navnirman Limited
Nippon India Mutual Fund increased its stake in Modis Navnirman Limited from 1.16% to 1.37%, acquiring 42,000 additional shares. The company's share price was ₹379.25.
A real estate development company incorporated in 2010, Modi's Navnirman operates across residential and commercial property projects throughout India. The company specializes in constructing housing complexes and commercial spaces designed to serve diverse market segments and customer needs. Its core operations encompass project planning, architectural design, land acquisition, and on-site execution within the Indian real estate development 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.