HSBC Global Investments Funds has reportedly cut its stake in Radico Khaitan to 5.89% after offloading shares in the open market. HSBC sold 852,192 shares of Radico Khaitan. Post transaction, HSBC has 7842,003 shares of the company.
Radico Khaitan is engaged in the manufacturing Rectified Spirit (RS), Extra Neutral Alcohol (ENA), Country Liquor and IMFL. The company has one of the largest distilleries in India at Rampur with molasses-based distilling capacity of 75 million litres per annum and grain-based distillation capacity of 27 million litres per annum.
