Globus Spirits Limited
HSBC Mutual Fund cut its stake in Globus Spirits from 4.32% to 3.53%, selling 1,43,969 shares.
A vertically integrated spirits manufacturer engaged in producing Indian Made Indian Liquor, Indian Made Foreign Liquor, bulk alcohol, and hand sanitizer through franchise bottling operations. Established in 1992, the company operates across the entire alcohol value chain from grain distillery to branded products and distribution. It was the first to establish a grain distillery and launch branded DDGS in India, differentiating itself through comprehensive supply chain integration.
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.