Raymond Realty Limited
Nippon India Mutual Fund, which previously held 1.05 percent of Raymond Realty Limited, is no longer listed among its disclosed shareholders, indicating either a complete exit or a reduction to below the 1 percent reporting threshold.
A real estate developer incorporated in 2017, Raymond Realty Limited focuses on residential and commercial property development across major Indian cities. The company operates a diverse portfolio of projects offering apartments, office spaces, and retail properties to institutional and individual customers. Raymond Realty distinguishes itself through its association with the established Raymond Group, leveraging the parent company's brand reputation, construction expertise, and financial strength in the competitive Indian real estate market.
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.