Nippon India Mutual Fund decreased its stake in Infosys Limited from 2.24% to 2.20% by selling 17,00,480 shares for ₹192.15 Cr at ₹1130.00 apiece. This transaction occurred in the context of a rights issue.
A leading IT services and consulting company that provides digital transformation, technology outsourcing, and next-generation digital solutions to global enterprises. Infosys helps clients across various industries execute their strategic business transformation initiatives through innovative technology platforms and specialized consulting services. The company operates internationally, delivering end-to-end solutions designed to modernize operations and drive competitive advantage in the digital economy.
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.
