Tejas Networks Limited
Nippon India Mutual Fund decreased its stake in Tejas Networks from 3.32% to 2.89%, selling 751,546 shares. The value of shares decreased by ₹40.5 Cr, at ₹538.90 apiece.
A designer and manufacturer of wireline and wireless networking products serving telecom service providers, utilities, governments, and defence networks across 75+ countries. Tejas Networks specializes in carrier-class networking solutions with a strong focus on technology innovation and research and development. The company was incorporated in 2000 and operates as a subsidiary of Panatone Finvest Limited, which is owned by Tata Sons Private Limited, combining established industry expertise with advanced technological capabilities.
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.