Nippon India Mutual Fund increased its stake in Info Edge (India) Limited from 1.73% to 3.36%, raising its shareholding from 11,217,402 to 21,804,615 shares.
A leading online classifieds platform in India, the company operates multiple digital brands serving different markets and user needs. Through naukri.com for job seekers and employers, 99acres.com for real estate transactions, jeevansathi.com for matrimonial services, and shiksha.com for education information, it connects millions of users. The company also functions as an active investor in online startups, building a diversified portfolio across the digital ecosystem.
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.
