JSW Dulux Limited
Nippon India Mutual Fund raised its stake in JSW Dulux Limited from 2.07% to 2.43%, acquiring 1,62,042 shares.
A manufacturer and trader of paints and coatings serving the Indian market since 1954. The company produces decorative and industrial paints for residential, commercial, and industrial applications across multiple segments. Beyond manufacturing, it provides research and development services to its holding company and other group entities, supporting product innovation and technical advancement within the broader corporate structure.
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.