NTPC Green Energy Limited
Nippon India Mutual Fund increased its stake in NTPC Green Energy from 2.95% to 3.17%, buying 1.91 crore shares for ₹175.6 crore at ₹91.97 apiece.
A renewable energy company incorporated in April 2022, NTPC Green Energy develops and operates clean power projects across India through both organic expansion and strategic acquisitions. The company specializes in solar and wind energy generation, contributing to India's transition toward sustainable power infrastructure. As a subsidiary of NTPC Limited, it plays a key role in advancing low-carbon energy solutions and meeting the nation's renewable capacity targets.
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.