Belrise Industries Limited
Nippon India Mutual Fund raised its stake in Belrise Industries from 1.15% to 1.18%, buying 2,59,137 shares for approximately ₹6.15 Cr.
A manufacturer of automotive components incorporated in 1988, Belrise Industries produces sheet metal parts, castings, polymer components, suspension systems, and mirror assemblies for the automotive sector. The company serves original equipment manufacturers and vehicle manufacturers across India's automotive industry. Its vertically integrated manufacturing capabilities and diversified product portfolio across multiple component categories distinguish it within the automotive supply chain.
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.