Radico Khaitan Limited
HSBC Mutual Fund entered Radico Khaitan, acquiring a 2.52% stake with 33,80,094 shares.
One of India's most recognised Indian Made Foreign Liquor brands, Radico Khaitan produces a diverse range of spirits and beverages for domestic and international markets. Established in 1943, the company operates distilleries and distribution networks across India, focusing on whisky, rum, gin, and vodka production. Its portfolio combines heritage brands with modern offerings, positioning it as a significant player in the Indian alcoholic beverages industry with a strong market presence.
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.