Shoppers Stop Limited
Nippon India Mutual Fund sold 3,90,203 shares of Shoppers Stop Limited on the open market, reducing its stake from 3.54% to 3.19%.
India's leading fashion and beauty retailer, Shoppers Stop operates a network of stores across major cities offering a carefully curated portfolio of domestic and international brands. The company specializes in premium fashion, accessories, and beauty products, serving customers through both physical retail locations and digital channels. Established in 1991, it has built a distinctive presence in India's organized retail segment through its diverse brand offerings and multi-channel approach.
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.