Multi Commodity Exchange of India Limited
HSBC Mutual Fund decreased its stake in Multi Commodity Exchange of India Limited from 2.08% to 1.59%, selling 1,257,713 shares. The shares are valued at ₹3268.00 apiece, totaling ₹411.11 Cr.
India's leading commodity derivatives exchange, MCX operates as a national-level electronic platform regulated by SEBI. The exchange provides fair price discovery and price risk management services across the Indian commodity market ecosystem. As India's first listed national commodity exchange, it facilitates trading in metals, energy, and agricultural commodities for farmers, traders, and institutional participants seeking hedging and investment opportunities in commodity markets.
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.