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KPIT Technologies informs about outcome of board meeting

24 Jul 2024 Evaluate
KPIT Technologies has informed that the Board of Directors of the Company, at its meeting held today, inter alia, has approved the following: Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter ended June 30, 2024. An unqualified opinion has been issued by the Statutory Auditor on said Financial Results; Merger of Future Mobility Solutions GmbH ('FMS') with KPIT Technologies GmbH, wholly owned step-down subsidiaries of KPIT Technologies  (KPIT India). FMS operations have been fully integrated with KPIT now. This integration has enabled joint go-to-market, enhanced the delivery capabilities and enabled the employees of FMS to fully understand and participate in the larger KPIT ecosystem and reap the benefits of the established processes and systems of KPIT. Thus, this merger will further aid seamless collaboration within the teams and open up new larger opportunities with enhanced roles and responsibilities to the employees and at the same time boost leverage the systems, processes & tools for a seamless operating experience; Further acquisition of 13% shareholding in N-Dream AG (N-Dream) to take the total shareholding of KPIT to 26% in N-Dream, a Cloud based Game Aggregation Platform company, based in Switzerland, with an option to increase the shareholding further.

The above information is a part of company’s filings submitted to BSE.

KPIT Technologies Share Price

728.80 6.20 (0.86%)
08-May-2026 16:59 View Price Chart
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