Oil India Limited
Nippon India Mutual Fund reduced its stake in Oil India from 1.02% to 1.00%, selling 2,53,557 shares. The fund now holds 1,62,75,865 shares.
A vertically integrated energy company engaged in exploration, development, and production of crude oil and natural gas across multiple oil blocks in India. The company operates transportation infrastructure for crude oil and produces liquefied petroleum gas for domestic markets. Oil India also provides specialized exploration and production-related services to support its core operations and industry partnerships. The company maintains operations across onshore and offshore fields.
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.