The Indian Hotels Company Limited
Nippon India Mutual Fund trimmed its stake in The Indian Hotels Company Limited from 2.53% to 2.29%, selling 34,18,801 shares.
One of India's leading hospitality companies, Indian Hotels operates a diversified portfolio spanning luxury, upscale, and midscale hotel segments across multiple brands and properties. The company manages accommodations and hospitality services in four continents, 12 countries, and over 100 cities, serving both domestic and international guests. Its distinctive positioning combines heritage brands with contemporary offerings across multiple price points and market segments.
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.