KEC International Limited
Nippon India Mutual Fund increased its stake in KEC International from 3.45% to 3.98%, purchasing 14,29,084 shares.
A global infrastructure engineering, procurement, and construction company, KEC International operates across power transmission and distribution, railways, civil works, urban infrastructure, solar energy, oil and gas pipelines, and cable manufacturing. The company delivers integrated project solutions across multiple geographies and sectors, combining technical expertise with established market presence. As the flagship company of the RPG Group, it provides end-to-end infrastructure development services to clients worldwide.
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.