HFCL Limited

BNP Paribas initiated a new position in HFCL Limited, acquiring 1,63,08,181 shares for ₹349.19 Cr at ₹214.63 apiece, representing a 1.07% stake.

A telecom infrastructure company, HFCL manufactures optical fiber cables, telecom equipment, and provides system integration services across India's communications sector. The company operates through telecom infrastructure development, supply of high-end communications equipment, and production of optical fiber and fiber optic cables. Its vertically integrated operations and diverse portfolio position it as a key enabler in India's expanding telecommunications network infrastructure.

French global bank with around EUR 2.6 trillion in assets. India FPI activity covers proprietary, market-making and client flows in listed Indian equities.