HSBC Mutual Fund decreased its stake in Hi-Tech Pipes Limited from 2.56% to 2.47%, selling 1,88,262 shares. The shares were valued at approximately ₹1.62 crore based on the share price of ₹86.03.
A manufacturer of ERW steel round and section pipes, cold rolled strips, and engineering products for industrial applications across India. The company operates an integrated production facility specializing in delivering high-quality steel pipe solutions to diverse sectors including construction, automotive, infrastructure, and engineering. Hi-Tech Pipes maintains a strong distribution network spanning the Indian market to serve customers 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.
