Sonata Software Limited
Nippon India Mutual Fund reduced its stake in Sonata Software from 2.14% to 1.72%. The fund sold 11,81,173 shares, bringing its remaining holding to 48,30,174 shares.
A provider of Information Technology services and solutions, the company delivers software development, consulting, and digital transformation offerings to enterprises across the United States, Europe, the Middle East, Australia, and India. Sonata Software specializes in helping organizations modernize their technology infrastructure, optimize business operations, and achieve competitive advantage through customized IT solutions, strategic consulting expertise, and end-to-end technology implementation services.
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.