HSBC Mutual Fund entered Navin Fluorine International with 6,54,961 shares, representing a 1.28% stake, valued at ₹496.39 Cr.
A specialty chemicals manufacturer, Navin Fluorine International produces refrigeration gases, inorganic fluorides, and specialty organofluorines for global markets. The company operates an extensive portfolio of over 50 fluorinated compounds developed through decades of research and technical expertise. It also provides contract research and manufacturing services to pharmaceutical and chemical industries, with integrated operations that distinguish it within the specialty chemicals sector.
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.
