Kanpur Plastipack Limited
Nippon India Mutual Fund raised its stake in Kanpur Plastipack Limited from 1.40% to 1.68% by purchasing 69,260 shares.
A manufacturer of flexible packaging solutions, Kanpur Plastipack produces HDPE and PP woven sacks, PP box bags, flexible intermediate bulk containers, technical fabrics, and high tenacity polypropylene multifilament yarn for industrial applications. Established in 1971, the company serves diverse sectors including agriculture, chemicals, and food processing. Its vertically integrated production capabilities across multiple packaging formats and technical textiles distinguish it in the Indian packaging industry.
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.