TCI Express Limited
Nippon India Mutual Fund raised its stake in TCI Express from 3.87% to 5.16% by acquiring 5,00,000 shares. This transaction crossed the 5% disclosure threshold.
An express cargo logistics provider operating a nationwide infrastructure network across India. TCI Express specializes in time-definite delivery solutions, utilizing multiple transport modes including road, rail, and air to distribute goods efficiently to customers. The company offers comprehensive logistics services designed to meet specific delivery timelines for commercial, industrial, and e-commerce clients throughout the country.
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.