Aditya Birla Fashion and Retail Limited

Nippon India Mutual Fund, which previously held 1.07 percent of Aditya Birla Fashion and Retail Limited, no longer appears on the company's disclosed shareholder list, indicating either a complete exit or a reduction of its stake to below the 1 percent reporting threshold.

A leading fashion and retail company in India operating through multiple apparel and lifestyle brands. Formed in 2015 following the consolidation of Aditya Birla Group's branded apparel businesses, the company manages a diverse portfolio spanning fashion retail, department stores, and lifestyle segments. It serves customers through an extensive network of physical stores and digital channels across India with a focus on delivering quality products at competitive prices.

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.