Avalon Technologies Limited
HSBC Mutual Fund reduced its stake in Avalon Technologies from 4.82% to 4.48%, selling 226,203 shares. The shares sold were worth ₹39.09 crore at a price of ₹1,728.16 per share.
A leading fully integrated Electronic Manufacturing Services company, Avalon Tech delivers end-to-end box-build solutions for high-value precision-engineered products across multiple industries. Incorporated in 1999, the company operates with comprehensive in-house capabilities spanning design, manufacturing, assembly, and quality testing. Its focus on complex electronics manufacturing and vertical integration differentiates it within India's competitive EMS sector.
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.