Allied Blenders and Distillers Limited
Nippon India Mutual Fund trimmed its stake in Allied Blenders and Distillers Limited from 2.11% to 1.86%, selling 6,93,334 shares.
A manufacturer and distributor of alcoholic beverages, Allied Blenders operates across the spirits and brewing sector in India. The company produces and markets a comprehensive range of spirits and other alcoholic drinks through both owned production facilities and strategic distribution partnerships. Established in 2008, it serves the domestic market with a focus on quality manufacturing, blending, and distribution of alcohol-based consumer beverages across multiple categories.
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.