HSBC Mutual Fund, which previously held 1.24 percent of Zensar Technologies Limited, has dropped off the company's disclosed shareholder list, indicating either a complete sale or a reduction in its stake below the 1 percent reporting requirement.
A digital solutions and technology services company headquartered in Pune, India, Zensar Technologies delivers comprehensive technology services across two core segments: application management services and infrastructure management services. Part of the Mumbai-based RPG group, it serves diverse industry verticals including high-tech and manufacturing, consumer services, and banking and financial services. The company maintains a global presence with offices located across India, the USA, UK, Europe, and Africa.
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.
