VRL Logistics Limited
Nippon India Mutual Fund increased its stake in VRL Logistics Limited from 3.11% to 3.43%, purchasing 5,52,686 shares.
A logistics solutions provider engaged primarily in domestic transportation of goods across India through an extensive network of branches and transshipment hubs. The company also operates bus services for passenger transport, manages wind mills for power generation and certified emission reduction units, and provides air transport services. Its diversified operations span multiple business verticals to serve transportation and energy needs nationwide.
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.