Nippon India Mutual Fund increased its stake in RHI Magnesita India Limited from 1.01% to 1.02%, raising its shareholding from 2,095,477 to 2,104,758 shares. The value of the additional 9,281 shares was approximately ₹38.35 lakh, calculated at a share price of ₹413.20.
A manufacturer of special refractory products, systems and services for the steel industry in India and globally. The company produces high-quality refractories designed for steelmaking processes and serves major steel producers across domestic and international markets. It holds a leading position in India's special refractories segment and is known for delivering products that meet international quality standards.
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.