Apar Industries Limited
Nippon India Mutual Fund decreased its stake in Apar Industries from 2.58% to 2.52%, selling 23,961 shares.
A vertically integrated manufacturer of electrical equipment with operations across conductors, transformer and specialty oils, and power/telecom cables. Founded in 1958, the company serves India's power transmission and telecommunications infrastructure while maintaining a global presence. It plays a significant role in supporting the country's electrification efforts and energy distribution networks across industrial and utility sectors.
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.