Kaynes Technology India Limited — JV/Acquisition, 08-02-2025: Acquisition

Kaynes Technology India Limited plans to invest up to USD 1.9 million (approximately ₹15.8 crore) in its wholly-owned subsidiary, Kaynes Holding Pte. Ltd, by acquiring 18,71,280 equity shares at an issue price of USD 1.01 per share. This investment aims to enhance its presence in the electronics system design and manufacturing sector and facilitate strategic investments and acquisitions. Post-investment, Kaynes Holding will continue to be a 100% subsidiary, with total shares increasing to 76,21,280. The completion of this transaction is expected by February 28, 2025, and will positively influence the company's strategic positioning and operational capabilities.