Sadhav Shipping
Nippon India Mutual Fund took a new position in Sadhav Shipping, acquiring 563,400 shares for a 3.49% stake.
A shipping company that owns and operates barges, tugs, and vessels for cargo transport along Indian waterways and coastal routes. Beyond its own fleet operations, the company provides comprehensive ship management services for other vessel owners, handling technical, operational, and administrative responsibilities. Established in 1996, it serves domestic maritime trade with a focus on inland and coastal shipping operations across India's major shipping corridors and trade routes.
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.