United Breweries Limited
Nippon India Mutual Fund raised its stake in United Breweries from 3.46% to 3.72%, buying 6,91,504 shares.
A leading brewer in India, United Breweries manufactures and sells beer and non-alcoholic beverages through extensive distribution networks across the country. The company operates multiple breweries and maintains a diverse portfolio of recognized brands catering to different consumer segments and preferences. Its operations encompass production, marketing, and retail distribution of both alcoholic and non-alcoholic drink products to consumers nationwide.
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.