Paras Defence and Space Technologies Limited
HSBC Mutual Fund acquired a new position of 13,82,106 shares in Paras Defence and Space Technologies Limited, representing a 1.72% stake worth ₹168.39 Cr.
A private sector aerospace and defence manufacturer, Paras Defence designs, develops, and produces specialized engineering products for India's defence and space sectors. The company operates across four core segments: defence and space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. It serves government agencies and defence organizations with advanced technology-driven capabilities and integrated solutions tailored to operational requirements.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.