Alkyl Amines Chemicals Limited
HSBC Mutual Fund initiated a new position in Alkyl Amines Chemicals, acquiring 5,22,064 shares for ₹95.39 Cr at ₹1826.90 apiece, representing a 1.02% stake.
A leading manufacturer of specialty chemicals, Alkyl Amines produces aliphatic amines derived from ammonia for use across pharmaceuticals, agrochemicals, and industrial applications. Established in 1979, the company specializes in synthesizing amines by displacing hydrogen molecules with organic radicals such as methyl, ethyl, and propyl groups. The company serves as a key supplier to India's chemical manufacturing sector and downstream industries.
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.