Nippon India Mutual Fund increased its stake in West Coast Paper Mills from 5.09% to 5.24%, purchasing 1,00,000 additional shares. The value of these shares is ₹5.35 crore at ₹535.15 apiece, crossing the 5% disclosure threshold.
One of India's oldest and largest paper manufacturers, West Coast Paper produces high-quality papers for printing, writing, and packaging applications. Established in 1955, the company operates a mill in Dandeli, Karnataka, and serves printing, publishing, stationery, notebooks, and packaging industries across India. Its products support diverse industrial sectors while contributing to national economic development and growth.
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.