Bansal Wire Industries Limited
HSBC Mutual Fund trimmed its stake in Bansal Wire Industries from 1.56% to 1.09%, selling 7,40,630 shares. Following the transaction, the fund holds 17,03,223 shares of the company.
A manufacturer of specialty wires incorporated in 1985, Bansal Wire Industries produces diverse wire varieties for industrial and commercial applications. The company operates in the iron and steel products sector, serving multiple end-user segments through its wire manufacturing operations. Its distinctive strength lies in producing specialized wire products that cater to varied industrial requirements across India and maintains a focus on quality wire production.
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.