Godfrey Phillips India Limited
HSBC Mutual Fund decreased its stake in Godfrey Phillips India Limited from 1.46% to 1.43% by selling 45,000 shares. The value of the sold shares is ₹9.5 Cr at a price of ₹2109.90 apiece.
A leading FMCG company in India, Godfrey Phillips manufactures and distributes cigarettes and tobacco products across the country. The company holds the exclusive distribution rights for the Marlboro brand in India, positioning it as a major player in the premium tobacco segment. Its integrated operations span production, marketing, wholesale, and retail distribution of cigarette brands to consumers nationwide.
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.