Balrampur Chini Mills Limited
HSBC Mutual Fund raised its stake in Balrampur Chini Mills from 2.01% to 2.90% by acquiring 18,85,553 shares.
One of India's largest integrated sugar producers, this company manufactures sugar while operating complementary distillery operations and power cogeneration facilities. The company is recognized for its operational efficiency across the sugar production process. It has systematically expanded its production capacity through well-planned capital investments and strategic acquisitions of existing mills, establishing itself as a vertically integrated player in the Indian sugar 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.