Iris Clothings Limited
Nippon India Mutual Fund bought 1,153,934 shares of Iris Clothings Limited for ₹6.59 Cr at ₹57.10 apiece in a bulk deal.
A fast-growing readymade garment manufacturer engaged in designing, manufacturing, branding, and selling children's apparel under the DOREME brand in India. The company produces a comprehensive range of unique garments for infants, toddlers, and junior boys and girls. Incorporated in 1956, it operates as a vertically integrated player in the kids wear segment with a focus on quality and innovation in children's fashion.
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.