Radico Khaitan Limited

Nippon India Mutual Fund decreased its stake in Radico Khaitan by selling 608,233 shares. This reduced their holding from 3.90% (5,223,683 shares) to 3.45% (4,615,450 shares). The transaction value was approximately ₹279.79 crore, with an approximate share price of ₹4,600.00.

One of India's most recognised Indian Made Foreign Liquor brands, Radico Khaitan produces a diverse range of spirits and beverages for domestic and international markets. Established in 1943, the company operates distilleries and distribution networks across India, focusing on whisky, rum, gin, and vodka production. Its portfolio combines heritage brands with modern offerings, positioning it as a significant player in the Indian alcoholic beverages industry with a strong market presence.

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.