TD Power Systems Limited
HSBC Mutual Fund decreased its stake in TD Power Systems from 3.98% to 3.72%, selling 414,285 shares. The value of the sold shares is ₹32.32 crore, calculated at a share price of ₹780.10. The shares of TD Power Systems underwent a 1:2 stock split on August 24, 2026.
A manufacturer of AC generators and electric motors for diverse industrial applications, TD Power Systems designs and produces heavy electrical machinery tailored to specific customer requirements and technical specifications. The company serves various sectors including power generation, manufacturing, and infrastructure by delivering customized solutions engineered for reliability and sustained performance. It operates as a specialized producer in India's heavy electrical equipment industry.
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.