NLC India Limited
Nippon India Mutual Fund decreased its stake in NLC India Limited from 5.65% to 5.58%, selling 987,482 shares. This reduces Nippon India Mutual Fund's total holdings to 77,404,448 shares.
A major power generation company engaged in lignite mining and thermal power production across multiple states in India. The company operates coal-fired power plants while expanding its renewable energy portfolio to include solar and wind capacity. NLC India serves as a key contributor to the nation's energy infrastructure through vertically integrated mining and generation operations, supplying power to utilities and industrial consumers 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.