Happy Forgings Limited
HSBC Mutual Fund sold 28,020 shares of Happy Forgings Limited, reducing its stake from 2.38% to 2.35%.
An Indian manufacturer specializing in heavy forgings and high-precision machined components for demanding industrial applications. Happy Forgings designs and produces critical parts serving sectors including power generation, oil and gas, heavy machinery, and aerospace. The company operates integrated manufacturing facilities equipped with advanced forging, machining, and quality control capabilities, delivering customized solutions to both domestic and international clients since its establishment in 1979.
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.