Sheela Foam Limited
Nippon India Mutual Fund decreased its stake in Sheela Foam from 3.70% to 3.20%, selling 5,29,666 shares for ₹40.31 Cr at ₹761.10 apiece.
A leading manufacturer of mattresses and polyurethane foam products in India, Sheela Foam operates multiple production facilities across the country. The company specializes in foam technology and high-quality mattress solutions for both domestic and commercial applications. Since its establishment in 1971, it has built a strong nationwide presence and established itself as a trusted player in the Indian furniture and 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.