Kaynes Technology to acquire stake in Kaynes Semicon, Kaynes Circuits India

10 Jan 2024 Evaluate

Kaynes Technology India has proposed to purchase the 2,50,000 Equity Shares of Rs 10 each of Kaynes Semicon for a consideration of Rs 25 lakh and purchase of 2,50,000 Equity Shares of Rs 10 each of Kaynes Circuits India for a consideration of Rs 25 lakh from Kaynes Electronics Manufacturing, wholly owned subsidiary of the Kaynes Technology India. As part of the restructuring proposition, the aforementioned transactions are proposed. The company intends to convert Step-down Subsidiaries as a Wholly Owned Subsidiaries of the company.

The company undertakes ‘Build To Print’ or ‘Build to Specifications’ of complex box builds, sub-systems and products across various industry verticals. It undertakes turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.


Kaynes Technology Share Price

7095.05 -208.85 (-2.86%)
23-Dec-2024 10:19 View Price Chart
Peers
Company Name CMP
Syrma SGS Technology 583.05
DCX Systems 325.00
Kaynes Technology 7095.05
Premier Energies 1296.90
Centrum Electronics 2139.20
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.