EIH Limited
Nippon India Mutual Fund reduced its stake in EIH Limited from 5.01% to 4.05%, selling 59,85,394 shares.
A vertically integrated hospitality company, EIH owns and operates premium luxury hotels and cruise vessels under the Oberoi, Trident, and Maidens brands across India and internationally. Beyond core lodging operations, the company provides flight catering services, manages airport restaurants, undertakes project management assignments, and offers corporate air charter solutions, creating a comprehensive hospitality and leisure ecosystem serving diverse customer segments.
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.