Chambal Fertilizers & Chemicals Limited
Nippon India Mutual Fund increased its stake in Chambal Fertilizers & Chemicals Limited from 1.07% to 1.08%, acquiring 11,217 additional shares. The company had a buyback offer in January 2024.
A fertilizer manufacturer that produces urea from its own manufacturing facilities and distributes a range of other fertilizers and agricultural inputs across India. The company also operates a joint venture in Morocco for phosphoric acid production. Chambal Fertilisers serves the agricultural sector with integrated nutrient solutions, supporting crop productivity and farm productivity through quality inputs and specialized products.
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.