Isgec Heavy Engineering Limited
Nippon India Mutual Fund reduced its stake in Isgec Heavy Engineering from 6.83% to 6.47%. The fund sold 2,62,703 shares, bringing its total holding down to 47,58,108 shares.
A diversified heavy engineering company engaged in manufacturing and executing turnkey projects across multiple sectors including power generation and food processing. The company produces process plant equipment, industrial presses, iron and steel castings, and boiler pressure parts while undertaking large-scale projects for power plants, sugar facilities, distilleries, and factories. It maintains a strong global presence and operates a sugar manufacturing subsidiary producing sugar and by-products.
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.