Piramal Finance Limited
Nippon India Mutual Fund bought 2,402,115 shares of Piramal Finance Limited, acquiring a 1.06% stake worth ₹51.5 Cr.
A housing finance company providing loans to retail customers for residential property purchase, construction, and loans against property. The firm specializes in home financing solutions and property-backed credit products for individual borrowers across India. Piramal Finance operates in the housing finance sector, offering tailored lending services to meet the residential property needs of customers seeking home ownership and construction financing options.
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.