India Shelter Finance Corporation Limited
Nippon India Mutual Fund took a new position in India Shelter Finance Corporation, acquiring 13,67,989 shares, which represents a 1.26% stake in the company. The total value of this acquisition is approximately ₹111.66 crore, with shares priced around ₹815.35 apiece.
A housing finance company incorporated in 1998, India Shelter Finance Corporation Limited provides financial solutions for residential property purchases and construction across India. The company focuses on lending to underserved segments of the housing market, particularly targeting affordable and mid-income housing segments. Its distinctive approach combines accessible financing with deep understanding of regional housing demand patterns and customer needs in tier-two and tier-three cities.
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.