Trent Limited
Nippon India Mutual Fund increased its stake in Trent Limited from 1.91% to 2.37% by purchasing 58,42,255 shares.
A specialty retailer operating across India through multiple retail formats and concepts, Trent sells apparel, footwear, accessories, toys, games, food, and grocery products to consumers nationwide. The company manages diverse store formats tailored to different customer segments and shopping occasions, combining both food and non-food categories. Its integrated approach to retail operations and multi-format strategy distinguish it within India's organized retail landscape.
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.