Genus Power Infrastructures Limited
Nippon India Mutual Fund lowered its stake in Genus Power Infrastructures from 2.84% to 2.30%, with its holding decreasing from 86,50,327 to 70,00,000 shares, in a transaction tied to a rights issue.
A manufacturer of electrical metering equipment and metering solutions, Genus Power serves utility and infrastructure sectors across India. The company's core business division undertakes engineering, construction, and contracting services on a turnkey basis for power distribution and measurement systems. Incorporated in 1992 and part of the Kailash Group, it also pursues strategic investments aligned with its infrastructure operations and sector expertise.
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.