Shahlon Silk Industries Limited
Nippon India Mutual Fund increased its stake in Shahlon Silk Industries Limited from 3.89% to 4.21%, acquiring 2,80,923 shares through a rights issue.
A textile manufacturer specializing in fabric production using advanced weaving technologies including water jet looms, air jet looms, and rapier looms. Shahlon Silk Industries produces a diverse range of fabrics for multiple applications across the domestic and international textile sectors. Incorporated in 2008, the company operates as a vertically integrated manufacturer focused on delivering quality woven products to various customer segments in the textile 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.