CG Power and Industrial Solutions Limited
Nippon India Mutual Fund reduced its stake in CG Power and Industrial Solutions Limited from 1.10% to 1.01%, selling 13,39,646 shares.
A global provider of electrical energy solutions, CG Power & Industrial Solutions serves utilities, industries, and consumers across multiple markets worldwide. The company operates through two primary business segments: Power Systems and Industrial Systems, delivering comprehensive end-to-end products, services, and solutions tailored to customer needs. It specializes in efficient and sustainable energy management and application, helping organizations optimize electrical infrastructure and adopt innovative power technologies for industrial and consumer operations.
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.