Poonawalla Fincorp Limited
Nippon India Mutual Fund raised its stake in Poonawalla Fincorp from 1.14% to 1.16%, purchasing 2,51,370 shares for approximately ₹11.28 Cr.
A non-deposit taking NBFC registered with the Reserve Bank of India, Poonawalla Fin provides consumer and MSME financing solutions alongside general insurance services. The company serves retail borrowers and small businesses through its diversified lending portfolio and risk management offerings. Its integrated approach across consumer finance, business lending, and insurance products distinguishes it within India's competitive non-banking financial 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.