HSBC Mutual Fund decreased its stake in PNB Housing Finance from 3.59% to 3.35%, reducing its shareholding from 9,352,549 shares to 8,733,545 shares.
A housing finance company that provides retail customers with home loans, loans against property, and non-resident property financing solutions across India. Promoted by Punjab National Bank, PNB Housing Finance operates in the residential lending market, offering tailored credit products for individual borrowers. The company specializes in affordable housing finance and serves diverse customer segments seeking property-related financing solutions and advisory services.
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.
