Asahi India Glass Limited
Nippon India Mutual Fund decreased its stake in Asahi India Glass from 2.10% to 2.08%, selling 40,972 shares. Mutual funds collectively decreased their holdings in Asahi India Glass from 5.26% to 5.23% in the June 2026 quarter.
India's leading integrated glass solutions company, Asahi India Glass manufactures and supplies value-added glass products for the automotive and architectural segments. Established in 1984 as a joint venture between the Labroo family, Asahi Glass of Japan, and Maruti Udyog, the company operates as a dominant player across both sectors through vertically integrated operations, technical expertise, and a comprehensive product portfolio serving domestic and international markets.
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.