Nippon India Mutual Fund entered Exide Industries with 1,38,35,287 shares, a 1.63% stake worth ₹601.99 crore.
A leading manufacturer of storage batteries and allied products in India, Exide Industries operates across automotive, industrial, and consumer segments. The company produces lead-acid batteries, inverters, and renewable energy solutions for diverse applications ranging from vehicles to backup power systems. Its vertically integrated operations, established distribution network, and focus on innovation position it as a prominent player in India's battery manufacturing sector.
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.
