Sobha Limited
HSBC Mutual Fund increased its stake in Sobha Limited from 2.33% to 2.61%, purchasing 3,00,711 shares.
A real estate developer engaged in constructing and operating townships, housing projects, and commercial properties across India. Sobha manufactures interior fittings, glazing systems, metal works, and concrete products in-house, creating a vertically integrated business model that controls multiple stages of real estate development and construction. This integration enables better quality control and project delivery across residential and commercial segments.
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.