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Kaynes Technology India Limited — JV/Acquisition, 03-06-2025: Acquisition
03-06-2025 | 06:56 pm
03-06-2025 | 06:56 pm
Kaynes Technology is doubling its stake in Kaynes Holding Pte. Ltd. through an USD 8.8 million (around ₹70 Cr) equity injection by issuing 87 lakh shares at USD 1.01 each. Kaynes Holding focuses on electronics system design and manufacturing and acts as a platform for strategic investments. This capital boost aims to expand Kaynes’ global reach and speed up growth via acquisitions. The company also extended a ₹250 Cr corporate guarantee to support debt funding for Kaynes Canada Ltd., with no immediate impact on Kaynes’ financials.
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