Indus Towers Limited
Nippon India Mutual Fund, which previously held 1.01 percent of Indus Towers Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete exit or a reduction of its stake to below the 1 percent reporting requirement.
A leading telecom infrastructure provider in India, Indus Towers designs, builds, and maintains wireless communication towers for mobile network operators across the country. The company operates an extensive portfolio of towers, offering colocation and related services to enable connectivity for multiple operators. As a neutral host infrastructure platform, it maintains operational independence while providing technical expertise in tower management and network expansion.
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.