Global Pet Indus
Nippon India Mutual Fund raised its stake in Global Pet Indus from 3.98% to 5.15%, acquiring 1,37,250 shares, and crossing the 5% disclosure threshold.
A manufacturer and trader of PET bottle manufacturing machines, Global Pet Industries supplies specialized packaging machinery to industries across India. Incorporated in 2013, the company designs and produces equipment for plastic bottle production used in beverage, pharmaceutical, and consumer goods sectors. It serves manufacturers requiring standardized, reliable machinery solutions for their packaging operations and production needs.
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.