Major Holdings Limited
Major Holdings Limited (HKSE: 1389) is trading at HK$0.52, about ₹6 at today's HKD/INR rate, as of 29 Sep 2026, 3:50 AM ET, up 1.96% today. Indian residents can buy Major from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.52
Today's high
HK$0.52
52 week low
HK$0.23
52 week high
HK$0.82
1389 opened at HK$0.52, closed previously at HK$0.51, and has traded between HK$0.23 and HK$0.82 over the past 52 weeks.
About
Operating as an investment holding company, Major Holdings Limited primarily focuses on the importation and distribution of high-quality wines and spirits throughout Hong Kong. The company's diverse portfolio includes various types of wine, such as red, white, and sparkling varieties, in addition to sake, a selection of wine accessories, and other related goods. Beyond direct sales, it also engages in wine trading activities and provides specialized services like wine storage and consignment to its customers. Products are made available through the company's dedicated retail shops and an extensive network encompassing independent distributors, various retail organizations, luxury five-star hotels, and private clubs. Established in 2007, Major Holdings Limited maintains its principal office in Tsim Sha Tsui, Hong Kong.
Key statistics
Avg. volume
204.50K
Market cap
HK$288.25M
P/E Ratio
-157.58
Price-to-sales ratio
5.46
Enterprise value
HK$134.37M
Free cash flow yield
-3.85%
Debt-to-equity ratio
0.01
Return on equity
-1.72%
ROIC
-3.04%
Beta
0.61
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$52.76M
Earnings per share
-HK$0.00
Free cash flow
-HK$5.33M
Net profit margin
-3.51%
Gross margin
12.19%
EBITDA
-HK$2.71M
Revenue growth
-9.07%
Similar securities
This is not an investment recommendation
How to buy Major from India
Indian residents can buy Major shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Major and place an order
Find Major by name or by its ticker, 1389, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Major trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Major position in HKD and INR. Major pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Major from India
Trading and taxes when buying Major from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneMajor does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Major stock?
Yes. Major (1389) has been listed on the Hong Kong Stock Exchange since 2014, in the Beverages - Wineries & Distilleries industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Major share cost in rupees?
One Major share is HK$0.52 — about ₹6 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the Major price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Major from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Major?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Major shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Major price. Paasa issues a capital-gains statement for your return.
Does Major pay a dividend?
No. Major does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Major from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Major shares held from India?
Hong Kong has no estate duty.
Do I have to declare Major shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Major holding, its cost and its closing value.
How do I sell Major and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.