Cyient DLM Limited
Nippon India Mutual Fund trimmed its stake in Cyient DLM Limited from 5.74% to 5.25%, selling 3,90,563 shares.
A leading electronics system design and manufacturing company, Cyient DLM provides comprehensive system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers in the aerospace, defense, and high-tech engineering sectors. The company serves a global customer base across India, Europe, North America, China, and Japan, delivering specialized solutions for complex industrial applications and mission-critical systems.
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.