HSBC Mutual Fund decreased its stake in eClerx Services from 3.41% to 1.88%, selling 1,443,295 shares for ₹263.07 crore at ₹1822.80 apiece.
A business process management and automation services provider, eClerx delivers outsourcing, automation, and analytics solutions to Fortune 2000 enterprises globally. The company serves clients across financial services, communications, retail, fashion, media, entertainment, manufacturing, travel, and technology sectors. Established in 2000, eClerx specializes in managing complex business operations and process optimization for multinational corporations seeking operational efficiency and cost effectiveness.
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.
