Triveni Turbine Limited
Nippon India Mutual Fund increased its stake in Triveni Turbine Limited from 2.87% to 2.89%, acquiring 51,476 shares. The fund's total holding rose to 91.87 lakh shares.
A manufacturer and supplier of power generating equipment and solutions, Triveni Turbine serves India's energy sector with specialized turbine technology and related machinery for power generation applications. The company operates across multiple segments within the power equipment industry. Originally functioning as a division of Triveni Engineering & Industries since the 1970s, it became an independent listed entity following its demerger in October 2010.
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.