Blue Star Limited
Nippon India Mutual Fund increased its stake in Blue Star Limited from 3.18% to 3.49%, purchasing 6,28,405 shares.
A manufacturer of air purifiers, air coolers, water purifiers, and cold storage equipment serving Indian households and commercial enterprises. Blue Star provides comprehensive turnkey MEP solutions encompassing mechanical, electrical, plumbing, and fire-fighting systems for large-scale commercial projects across various sectors. The company operates India's largest after-sales service network dedicated to air conditioning and commercial refrigeration products, ensuring widespread customer support and maintenance capabilities.
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.