HCL Technologies Limited
SBI Mutual Fund decreased its stake in HCL Technologies from 1.77% to 1.39%, selling 10,149,987 shares. The shares were valued at ₹1,222.18 crore at a price of ₹1203.90 apiece in the rights issue.
A global IT services company, HCL Technologies delivers software-led solutions, infrastructure management, engineering and research services, and business process outsourcing to clients across multiple industries. Operating through offices in 46 countries, the company leverages extensive offshore capabilities and global expertise to provide transformational outsourcing and integrated service portfolios. It focuses on supporting enterprise digital transformation and multi-service delivery across key industry verticals.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.