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Kinetic Engineering gets nod to sell non-core assets

11 Jul 2023 Evaluate

Kinetic Engineering has received approval to sell Non-Core assets of the company for worth Rs 25.50 crore for optimizing capital structure and focus on ramping up growth opportunity in electric mobility. The Board of Directors of the Company at its meeting held on July 11, 2023 has approved the same. 

Kinetic Engineering is an India-based company, which is engaged in the manufacturing of auto components.

Peers
Company Name CMP
SamvardhanaMotherson 164.60
Tube Investments 2580.40
Bosch 48014.00
UNO Minda 1245.50
Bombay Burmah Trdg. 1433.35
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