HSBC Mutual Fund decreased its stake in Thangamayil Jewellery Limited from 2.33% to 2.26%, selling 20,959 shares. The value of shares sold is ₹13.06 Cr at a price of ₹6233.00 apiece.
A retail jewellery chain operating across multiple districts in Tamil Nadu, Thangamayil Jewellery Limited specializes in gold and precious ornaments for the regional market. The company operates in a state that accounts for a significant portion of India's total gold consumption, positioning it within a key jewellery consumption hub. Its distinctive strength lies in its established retail presence and deep understanding of local customer preferences in Tamil Nadu's jewellery market.
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.
