Amundi acquired 2,63,933 shares of Kingfa Science & Technology (India) Limited, representing a 1.95% stake in the company. The position is valued at ₹132.84 crore based on the share price of ₹5037.50. This new position was identified through a shareholding filing.
A manufacturer of modified plastic compounds, Kingfa Science produces high-quality materials for automotive, consumer products, and personal protective equipment applications. Operating as an Indian subsidiary of a Chinese parent organization, the company specializes in engineered plastics tailored for industrial and consumer sectors. Its diverse portfolio includes compounds for vehicle components, household items, masks, and gloves, serving multiple industries with customized polymer solutions and technical support.
Europe's largest asset manager, headquartered in Paris, investing in listed Indian equities across multiple India strategies.