KPIT Technologies surges on getting nod to acquire initial 25% shareholding in Future Mobility Solutions GmbH

22 Sep 2021 Evaluate

KPIT Technologies is currently trading at Rs. 320.00, up by 1.10 points or 0.34% from its previous closing of Rs. 318.90 on the BSE.

The scrip opened at Rs. 318.90 and has touched a high and low of Rs. 326.30 and Rs. 317.20 respectively. So far 42447 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.00 on 16-Aug-2021 and a 52 week low of Rs. 89.80 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 306.50 respectively. The current market cap of the company is Rs. 8826.06 crore.

The promoters holding in the company stood at 40.14%, while Institutions and Non-Institutions held 33.97% and 25.88% respectively.

KPIT Technologies has received approval to acquire initial 25% shareholding in Future Mobility Solutions GmbH (FMS). Over a period of three years, KPIT will acquire the balance shareholding. Majority shareholding is expected to be acquired in the last quarter of the Financial Year 2022-23.

FMS will add certain unique proprietary offerings in the autonomous driving domain. The partnership will improve KPIT access to one strategic client with new offerings and strengthen KPIT market presence in Germany.

KPIT is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future.


KPIT Technologies Share Price

1428.95 0.00 (0.00%)
09-Jan-2025 16:00 View Price Chart
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