NHPC Limited
Nippon India Mutual Fund entered NHPC Limited with a new 1.09% stake, acquiring 10,95,16,890 shares.
A Navratna public sector utility and India's flagship hydroelectric power generation company, NHPC Limited operates under the Government of India. The company generates and sells bulk electricity to power utilities across the nation while providing project management, construction contracts, and consultancy services. Beyond core hydroelectric operations, it engages in power trading activities, diversifying its revenue streams across the energy 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.