HSBC Mutual Fund entered Netweb Technologies India Limited with 6,98,436 shares, a 1.23% stake worth ₹307.31 Cr at ₹4400.00 apiece.
A leading provider of high-end computing solutions in India, Netweb Technologies delivers fully integrated design and manufacturing capabilities to enterprise clients. Incorporated in 1999, the company specializes in advanced computing systems and related services across multiple sectors. Its vertically integrated operations enable end-to-end solution delivery from concept development through manufacturing, deployment, and customer support, differentiating it in the technology infrastructure market.
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.
