Electronics Mart India Limited
Nippon India Mutual Fund decreased its stake in Electronics Mart India from 3.09% to 2.95% by selling 5,54,085 shares in an open market transaction.
India's fourth-largest consumer durable and electronics retailer, Electronics Mart operates an extensive retail network selling large appliances, mobiles, small appliances, and IT products across multiple categories. Founded in 1980, the company offers over 6,000 stock keeping units from more than 70 leading consumer durable and electronic brands, providing customers with a comprehensive range of home appliances and consumer electronics through its established presence.
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.