Cummins INC sells 32.21 lakh shares of KPIT Technologies

05 May 2014

Cummins INC has sold 32.21 lakh shares of KPIT Technologies through the open market route. The shares were sold on an average price of Rs 170 valuing the transaction to Rs 54.77 crore. On the other hand, Apax Partners Europe Managers A/C PCV LUX SCA has bought 32.58 lakh shares in the company for an average price of Rs 169.99, through open market route valuing the transaction at Rs 55.39 crore.

KPIT Technologies is one of the fastest growing global product engineering and IT consulting partners, focused on co-innovating domain intensive technology solutions for automotive & transportation, manufacturing and energy & utilities corporations.

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