HSBC Reduces Stake in Radico Khaitan

New Delhi: HSBC Global Investments Funds on Tuesday reduced its stake in liquor firm Radico Khaitan to 5.89 per cent after offloading shares in the open market. 

HSBC sold 8,52,192 shares in Radico Khaitan.

According to Radico Khaitan's closing price of Rs 114.6 on the BSE, the transaction was valued at Rs 9.7 crore. 

Post-transaction, HSBC has 78,42,003 shares in the company.

Earlier it had a 6.53 per cent stake, or 86,94,195 shares, in Radico Khaitan.