PTC India Limited
Nippon India Mutual Fund trimmed its stake in PTC India Limited from 2.49% to 1.83%, selling 19,39,018 shares.
India's largest power trading company, PTC India facilitates electricity transactions between generators and distribution companies across the country. Established as a public-private initiative in 1999, it operates as a neutral marketplace for power trading, offering physical contracts, renewable energy trading, and ancillary services. The company serves as a critical bridge between India's power producers and consumers, enabling efficient price discovery and broader market participation in the power sector.
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.