Optiemus Infracom Limited
HSBC Mutual Fund initiated a new position in Optiemus Infracom, acquiring 1,222,830 shares, representing a 1.36% stake in the company. The approximate value of this transaction is ₹66.49 crore based on the share price of ₹543.95.
A leading distributor of mobile handsets in India, Optiemus Infracom has served the telecom equipment sector for over two decades, distributing devices from major brands including Nokia and Samsung. The company operates primarily in the general trade market, leveraging its extensive distribution network and established relationships with reputed manufacturers. Its deep presence across India's mobile handset distribution landscape forms its core competitive advantage.
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.