Gujarat Energy Limited
Nippon India Mutual Fund, which previously held 1.12 percent of Gujarat Gas Limited, has dropped off 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 natural gas distribution company operating across South and Central Gujarat and Saurashtra, Gujarat Gas Limited supplies CNG, PNG, LPG, and LNG to domestic, industrial, commercial, and non-commercial customers. The company operates as a government entity engaged in building and maintaining distribution networks that connect gas sources to end-users. It serves multiple customer segments and geographical regions throughout its operational areas in India.
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.