Kirloskar Oil Engines Limited
Nippon India Mutual Fund reduced its stake in Kirloskar Oil Engines from 4.45% to 3.78%, selling 9,74,280 shares.
A manufacturer of diesel engines, diesel generator sets, and pump sets across diesel, petrol, and kerosene variants for multiple industries. Kirloskar Oil Engineers serves agriculture, power generation, and industrial sectors through manufacturing facilities located in Pune, Kagal, and Nashik. The company is a flagship entity of the Kirloskar group with established expertise in engine and pump technology spanning several decades of operations.
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.