HSBC Mutual Fund decreased its stake in KEI Industries by selling 27,852 shares, reducing its holding from 1.36% to 1.34%. The value of the shares sold is approximately ₹13.66 crore, calculated at a price of ₹4906.50 per share.
A leading manufacturer of wires and cables, KEI Industries produces a comprehensive range of electrical products including extra high voltage cables, high tension cables, and low tension cables for diverse applications. The company serves both domestic and international markets, supplying essential electrical infrastructure components to utilities, industrial sectors, and construction projects across multiple geographies and customer segments.
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.
