Dalmia Bharat Limited
Nippon India Mutual Fund decreased its stake in Dalmia Bharat from 1.11% to 1.05%, selling 1,15,346 shares.
A major cement manufacturer in India, Dalmia Bharat produces and sells cement for construction and infrastructure applications across the country. Founded in 1939, the company operates multiple manufacturing facilities and ranks among India's leading cement producers by installed capacity. The company serves diverse customer segments including construction, infrastructure, and industrial sectors through its vertically integrated operations and distribution network.
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.