Radico Khaitan Limited
Nippon India Mutual Fund trimmed its stake in Radico Khaitan from 3.45% to 2.86%, selling 7,81,098 shares.
One of India's most recognised Indian Made Foreign Liquor brands, Radico Khaitan produces a diverse range of spirits and beverages for domestic and international markets. Established in 1943, the company operates distilleries and distribution networks across India, focusing on whisky, rum, gin, and vodka production. Its portfolio combines heritage brands with modern offerings, positioning it as a significant player in the Indian alcoholic beverages industry with a strong market presence.
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.