GE Vernova T&D India Limited
HSBC Mutual Fund decreased its stake in GE Vernova T&D India Limited from 2.05% to 1.81%, selling 628,766 shares. The value of the sold shares is approximately ₹275.76 crore, calculated at the share price of ₹4387.40.
A leading provider of power transmission and distribution solutions in India, GE Vernova T&D operates within the Grid Solutions business of General Electric. The company designs and manufactures equipment for connecting generation sources to electrical grids, serving utilities and infrastructure developers across the nation. With over a century of industry experience, it offers a comprehensive range of products for power evacuation and grid connectivity.
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.