Linde India Limited
Nippon India Mutual Fund increased its stake in Linde India Limited from 1.40% to 2.82%, purchasing 12,16,916 shares.
A leading manufacturer of industrial and medical gases in India, the company produces oxygen, nitrogen, argon, and hydrogen for diverse sectors including steel, chemicals, pharmaceuticals, and healthcare. It also designs and constructs cryogenic and non-cryogenic air separation plants for industrial clients. As a subsidiary of the BOC Group, the company combines international technical expertise with deep local market knowledge to serve industrial and medical applications across India.
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.