HSBC Mutual Fund decreased its stake in KNR Constructions Limited from 1.44% to 1.14%, selling 854,858 shares worth ₹10.88 Cr at ₹127.33 apiece.
A Hyderabad-based infrastructure company providing engineering, procurement, and construction services across roads, highways, irrigation, and urban water infrastructure projects. Established in 1995, the company specializes in end-to-end project execution and infrastructure development. KNR Constructions focuses on delivering integrated EPC solutions for transportation and water management sectors across India, combining technical expertise with project management capabilities to serve government and private sector clients.
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.
