Westlife Foodworld Limited
Nippon India Mutual Fund increased its stake in Westlife Foodworld from 2.97% to 4.51%, adding 24,00,274 shares by participating in a rights issue.
A leading restaurant operator in India, Westlife Development establishes and operates McDonald's outlets across West and South India through its subsidiary Hardcastle Restaurants. The company manages franchise operations, food preparation, supply chain coordination, and customer service across its restaurant network. Its distinctive approach combines standardized global operational practices with localized management tailored to regional Indian market preferences and consumer behavior.
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.