Indo Count Industries Limited
HSBC Mutual Fund increased its stake in Indo Count Industries from 2.94% to 4.07%. The fund acquired 22,50,033 shares during the period, bringing its total holding to 80,69,729 shares.
A manufacturer and exporter of home textiles and bedding products, Indo Count Industries specializes in bed sheets, bed linen, and quilts for global markets. The company operates as a vertically integrated producer with manufacturing facilities across multiple locations, serving retail and institutional customers worldwide. Its integrated operations and scale position it as a significant player in the international bed linen 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.