LG Electronics India Limited
Nippon India Mutual Fund now holds 1.12% of LG Electronics India Limited, up from under 1%, holding 76,26,579 shares.
A manufacturer and distributor of home appliances and consumer electronics, LG Electronics India operates as a subsidiary of the South Korean conglomerate LG Corporation. The company produces a comprehensive range of household products including refrigerators, washing machines, air conditioners, televisions, and kitchen appliances for the Indian market. LG Electronics India serves both retail and commercial customers through an extensive distribution network across the country.
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.