Rappid Valves
Nippon India Mutual Fund bought 2,02,800 shares of Rappid Valves for ₹6.69 Cr at ₹329.92 apiece in a bulk deal.
A manufacturer of valve solutions serving industrial applications across India, Rappid Valves specializes in designing and producing valves for diverse sectors including oil and gas, water treatment, chemical processing, and power generation. Established in 2002, the company focuses on delivering reliable valve products tailored to meet specific operational requirements and customer specifications. Its engineering expertise and commitment to quality distinguish it in the competitive industrial valve market.
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.