ESAB India Limited
Nippon India Mutual Fund increased its stake in ESAB India from 5.35% to 5.49%, acquiring 22,300 additional shares. The total value of the holding is now approximately ₹481 Cr at a share price of ₹5,694.50.
A leading supplier of welding and cutting products in India, ESAB India serves industrial customers across manufacturing, construction, and infrastructure sectors. The company manufactures and distributes welding equipment, consumables, and cutting solutions for metal fabrication and structural applications. As a subsidiary of ESAB Group, it operates within a global industrial equipment manufacturer with established expertise in welding technology and metal joining solutions for diverse industries.
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.