Atlanta Electricals Limited
HSBC Mutual Fund entered Atlanta Electricals Limited with 13,94,229 shares, a 1.81% stake worth ₹236.32 Cr at ₹1695.40 apiece.
A supplier of power transformers and heavy electrical equipment serving India's infrastructure and industrial sectors. Incorporated in 1983, the company manufactures and supplies a comprehensive range of transformers designed for power distribution, transmission, and industrial applications. Atlanta Electric operates as a specialized player in the heavy electrical equipment industry, providing solutions to utilities, manufacturing facilities, and large-scale infrastructure projects across the country.
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.