Bright Outdoor Media Limited
Nippon India Mutual Fund raised its stake in Bright Outdoor Media Limited from 1.02% to 1.07%, purchasing 11,250 shares.
An operator of outdoor advertising infrastructure in India, Bright Outdoor specializes in hoarding and billboard placements across major urban centers. The company provides advertising solutions through strategically located outdoor media assets and also engages in real estate trading. Established in 2005, it serves advertisers, brands, and agencies seeking high-visibility display opportunities in prime commercial locations 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.