Pokarna Limited
Nippon India Mutual Fund trimmed its stake in Pokarna Limited from 2.23% to 2.13%, selling 29,256 shares to reduce its holding to 6,60,727 shares.
A manufacturer of granite and quartz surfaces established in 1991, Pokarna produces engineered stone products using state-of-the-art facilities equipped with specialized Bretonstone technology. The company markets quartz surfaces under the Quantra brand and granite products under the Pokarna brand, serving customers across 23 countries through a robust distribution network. It also operates an apparel manufacturing and retailing business under the STANZA brand.
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.