VIP Industries Limited
HSBC Mutual Fund increased its stake in VIP Industries Limited from 1.09% to 2.32%, raising its shareholding from 1,550,763 to 3,300,836 shares. The increased stake is valued at approximately ₹53.84 Cr based on VIP Industries' share price of ₹307.70.
A leading manufacturer and marketer of luggage, bags, and travel accessories in India, VIP Industries designs and produces a comprehensive range of products for domestic and international markets. The company operates across multiple product categories including hard-sided and soft luggage, backpacks, and travel gear for various consumer segments. Known for its established distribution network and strong brand presence, the company serves both retail and institutional customers through diverse sales channels and partnerships.
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.