HSBC Mutual Fund increased its stake in Jyoti CNC Automation from 1.34% to 1.62%, raising its shareholding from 3,056,291 to 3,676,002 shares.
A leading manufacturer of simultaneous 5-axis CNC machines in India, Jyoti CNC Automation designs and produces precision machine tools for aerospace, defence, auto components, and general engineering sectors. The company brings decades of expertise in advanced CNC technology and serves diverse industrial customers across multiple critical industries with specialized solutions for complex machining applications.
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.