Kingfa India raises $500m from institutional investors

Kingfa Science & Technology (India) Limited approved the issuance of up to 14,40,920 equity shares at INR 3,470 per share, raising INR 499,99,92,400.

Seven institutional investors will subscribe to the shares, including SBI Flexicap Fund, SBI Automotive Opportunities Fund, SBI Conservative Hybrid Fund, Custody Bank of Japan Ltd RE RB Amundi India Small Cap Equity Mother Fund, SBI Optimal Equity Fund - Long Term, SBI Emergent India Fund, and Sanshi Fund -I.

An extraordinary general meeting is scheduled for September 17, 2025, to seek shareholder approval for the preferential issue.