Apar Industries Limited
HSBC Mutual Fund increased its stake in Apar Industries Limited from 1.43% to 1.96%, purchasing 2,46,183 shares.
A vertically integrated manufacturer of electrical equipment with operations across conductors, transformer and specialty oils, and power/telecom cables. Founded in 1958, the company serves India's power transmission and telecommunications infrastructure while maintaining a global presence. It plays a significant role in supporting the country's electrification efforts and energy distribution networks across industrial and utility sectors.
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.