NBCC (India) Limited
Nippon India Mutual Fund reduced its stake in NBCC (India) Limited from 1.26% to 1.23%, selling 6,46,602 shares.
A government-owned construction enterprise operating under the Ministry of Housing and Urban Affairs, NBCC delivers integrated services across project management consultancy, engineering procurement and construction, and real estate development. The company serves both public and private sector clients through its diversified portfolio, leveraging technical expertise and established infrastructure capabilities to execute complex projects. NBCC maintains a strong presence in infrastructure development and urban construction initiatives across India.
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.