Sundram Fasteners Limited
Nippon India Mutual Fund bought 2,88,665 shares of Sundram Fasteners in an open market transaction, increasing its stake from 4.92% to 5.05% and crossing the 5% disclosure threshold.
A manufacturer of high-precision fasteners and powertrain components serving the automotive, infrastructure, windmill, and aviation sectors. Part of the TVS Group of Companies, the company specializes in producing critical components that meet stringent quality and performance standards. Its vertically integrated operations enable consistent delivery of specialized fastening solutions to demanding industrial applications across multiple markets and geographies.
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.