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Kaycee Industries completes acquisition of 30% stake in Ultrafast Chargers

18 Oct 2024 Evaluate

Kaycee Industries has completed the acquisition of 30% stake on a fully diluted basis in Ultrafast Chargers for a cash consideration of Rs 8 crore. Ultrafast Chargers, a start-up firm based out of Bangalore, engaged in making High - End DC Fast Charging Station for the electric vehicles in India. As the result of acquisition, Ultrafast Chargers has become an associate entity of Kaycee Industries. 

Kaycee Industries is an integral part of CMS Computers, one of the largest IT firms in India.

Peers
Company Name CMP
Waaree Energies 2501.00
Apar Industries 18938.00
Havells India 1096.00
Suzlon Energy 43.38
Siemens 3882.75
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