Stanley Lifestyles Limited
Nippon India Mutual Fund decreased its stake in Stanley Lifestyles Limited from 8.28% to 6.91%, selling 779,711 shares.
A manufacturer and trader of furniture and leather products serving the Indian residential and commercial markets. Stanley Lifestyles designs, manufactures, and distributes a range of home furnishing solutions including upholstered furniture, wooden pieces, and leather goods. The company operates manufacturing facilities and maintains distribution networks across India, focusing on delivering quality furniture products to diverse customer segments and building a presence in the organized home furnishing sector.
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.