GE Vernova T&D India Limited
Nippon India Mutual Fund decreased its stake in GE Vernova T&D India from 4.14% to 2.97%, selling 2,993,796 shares.
A leading provider of power transmission and distribution solutions in India, GE Vernova T&D operates within the Grid Solutions business of General Electric. The company designs and manufactures equipment for connecting generation sources to electrical grids, serving utilities and infrastructure developers across the nation. With over a century of industry experience, it offers a comprehensive range of products for power evacuation and grid connectivity.
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.