Tata Power Company Limited
Nippon India Mutual Fund lowered its stake in Tata Power Company from 2.27% to 1.98%, selling 95,36,321 shares.
India's largest vertically-integrated power company, Tata Power generates, transmits, and distributes electricity across the nation through thermal, hydro, and renewable energy assets. The company is transitioning toward complete renewable energy production to support India's sustainability goals. Beyond utility operations, it manufactures solar roofs and is expanding into electric vehicle charging infrastructure as part of its broader energy ecosystem strategy.
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.