Birla Corporation Limited
HSBC Mutual Fund decreased its stake in Birla Corporation Limited from 2.44% to 2.40%, selling 29,091 shares.
A major cement manufacturer in India, Birla Corporation produces various types of cement for construction and infrastructure applications across multiple regions. Part of the M.P. Birla Group, the company operates integrated cement facilities and maintains a significant presence in the jute goods sector, diversifying its revenue streams beyond core cement operations and serving customers in both domestic and export 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.