Saatvik Green Energy Limited
Nippon India Mutual Fund increased its stake in Saatvik Green Energy Limited from 3.75% to 4.19%, buying 555,597 shares for ₹25.9 Cr at ₹466.40 apiece.
A manufacturer of solar photovoltaic modules and provider of comprehensive engineering, procurement, and construction services for renewable energy projects across India. Incorporated in 2015, the company operates in the solar equipment manufacturing and project development segments, serving utilities, commercial enterprises, and industrial clients seeking solar energy solutions and infrastructure development for their renewable energy initiatives.
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.