Mtar Technologies Limited
Nippon India Mutual Fund sold 20,000 shares of MTAR Technologies for ₹3.23 Cr at ₹1616.15 apiece via an open market transaction, decreasing its stake from 5.02% to 4.95% and crossing the 5% disclosure threshold.
A manufacturer of precision components and equipment serving India's defense, aerospace, nuclear, and clean energy sectors. Founded in 1970 to address the nation's technical and engineering needs, the company designs and produces specialized equipment for government and industrial clients. MTAR operates multiple manufacturing units across Hyderabad and maintains dedicated facilities for export markets, positioning itself as a key supplier to critical infrastructure sectors.
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.