Ratnamani Metals & Tubes Limited
HSBC Mutual Fund increased its stake in Ratnamani Metals & Tubes by purchasing 33,188 shares, raising its holding from 2.26% to 2.31%. This move increases their total shares to 1,617,950.
A manufacturer of stainless steel and carbon steel pipes and tubes, Ratnamani Metals operates integrated production facilities across India. The company specializes in seamless and welded pipe solutions for diverse industrial applications including oil and gas, power, petrochemicals, and chemical sectors. Its vertically integrated operations and dedicated manufacturing infrastructure enable consistent quality control and efficient production of specialized piping products for domestic and international markets.
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.